$1.5 billion Perth CBD deal to create 5000 new construction jobs


Editorial credit: Jana Schoenknecht / Shutterstock.com

A newly finalised billion-dollar partnership between the City of Perth, the State Government and the Commonwealth Government will see the reimagining of Perth’s CBD and create over 10,000 jobs.

This transformative landmark deal between all three tiers of government will bring private and government investment into the CBD.

The $1.5 billion-dollar deal will unlock numerous economic benefits and opportunities for businesses and workers in Perth and encourage more people back into the city.

The Perth City deal will include:

  • $695 million investment to move the Edith Cowan University law and business schools as well as the Western Australian Academy of Performing Arts into the CBD to create the first inner-city university campus.
  • $360 million joint investment for Murdoch University to create a vertical campus and eSports Stadium (linked with Singapore and East Asia) and for Curtin University to build a CBD innovation precinct.
  • $105 million of the deal has been allocated to upgrading the Perth Greater CBD Transport Plan including cycling and walking infrastructure, bus stop accessibility and Roe Street.
  • $100 million will be spent redeveloping the WACA into a state-of-the-art sporting facility with a swimming pool.
  • $42 million allocated to the development of the Perth Concert Hall.
  • $36 million to provide services, safety improvements and facilities for homeless people in the CBD.
  • $20 million investment will be made for the Perth Cultural Centre precinct to improve lighting, security, wayfinding and environmental developments.
  • $20 million will be spent upgrading the East Perth Power Station to improve connectivity.
  • $18 million towards the creation of an Australian Space Robotics, Automation and AI Command Control Complex.
  • $10 million for the WA Indigenous Business and Employment Hub in partnership with the Wirrpanda.
  • $4 million to commence a pre-feasibility study for an Aboriginal Cultural Centre in Perth on the traditional lands of the Whadjuk Noongar people.

The construction of the university campuses in the CBD will bring over $1 billion of investment into the city and create more than 4100 construction jobs and up to 1000 ongoing direct jobs.

Prime Minister, Scott Morrison said that the city of Perth would see benefits from this investment for generations to come with massive changes to education, jobs and lifestyle.

“This is a JobMaker investment which will generate employment for thousands of hard-working West Australians, it will boost those businesses that are already in the CBD, and it will drive new businesses to open,” the Prime Minister said.

“WA, like the rest of Australia, needs a targeted economic stimulus which will provide a boost now and into the future, and this is what we’re delivering.”

Source: City of Perth

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