13 October 2009
The $550 million investment in the M2 will be a vital boost to Sydney, according to the Urban Taskforce.
The North West of Sydney has been in desperate need for new transport infrastructure for many years, Mr Gadiel said.
This investment will improve the lives of the local community North West and will pave the way for the development of new homes, vital to the future of the whole city.
The improvements to the motorway mean that commuters will be able to spend more time at home with their families.
It also means more young home buyers and renters will be able to live in the North West.
This project shows how the private sector and the government can work together to plan for the future of Sydneys growth.
We hope this is only one of a series of major infrastructure announcements directed to supporting Sydneys growth.
The upgrade will see the motorway widened to three lanes from Windsor Road through to Lane Cove Road. The project includes:
- a new west-facing Windsor Road on and off ramps;
- an additional east-bound lane Windsor Road to Pennant Hills Road;
- an additional east-bound Lane Pennant Hills Road through M2 Tunnel to Lane Cove Road;
- a new Christie Road eastbound on ramp New Herring Road west-bound off ramp; and
- an additional lane west-bound from Lane Cove Road to Pennant Hills Road.
The Urban Taskforce is a property development industry group, representing Australias most prominent property developers and equity financiers.
For every $1 million in construction expenditure, 27 jobs are created throughout the broader economy. The construction activity made possible by property developers contributes $69 billion to the national economy each year and creates 709,000 direct jobs. The construction industry is Australias third largest source of employment.