The NSW Government has awarded a $299 million contract to deliver the new Waterloo metro station and an integrated development above it.
Joint venture John Holland and Mirvac will deliver the new Waterloo Station and integrated station development, drawing on both companies’ expertise in major transport infrastructure and community-oriented development and design.
Sydney Metro will be the catalyst for the urban revitalisation of Waterloo, sustainable job creation and a truly integrated mix of community facilities, commercial space, and new homes including social and affordable housing.
John Holland CEO Joe Barr said the project was a major milestone for the company as a whole.
“This project will transform Waterloo and improve community spaces in the inner city for generations to come. Our integrated team has worked together across development, investment and complex transport infrastructure to create an urban renewal project that will make commuting easier, create jobs, and improve community facilities. I could not be more proud,” Mr Barr said.
“Drawing on our recent experience in delivering Sydney Metro Northwest, we are excited to deliver not only a landmark station, but also a revitalised precinct for the community.”
Mirvac CEO and Managing Director Susan Lloyd-Hurwitz said the project was a “once in a generation” opportunity.
“Our vision for this precinct extends beyond the bricks and mortar; we will be a long-term investor in Waterloo and we are wholly committed to realising the potential of this site to help drive meaningful social renewal and enduring value for the broader precinct,” Ms Lloyd-Hurwitz said.
“The ability to deliver a progressive, urban development of this calibre, is underpinned by our wealth of experience at the forefront of the industry, together with our unique end-to-end capability. We have finely honed our approach to place making, design and construction over 47 years, and this, together with our thorough understanding of how our customers live, enables us to create thriving communities that support and enhance people’s lifestyles.”
The Waterloo Metro Quarter concept comprises five building envelopes including three towers and two mid-rise buildings above and adjacent to the station.
Under the plan, at least five per cent of homes will be affordable housing and 70 apartments will be set aside for social housing. There will be new community facilities, more trees planted, retail and office space and two new public plazas at Cope Street and Raglan Street.
The project has also committed to double the NSW Government’s targets for Aboriginal and Torres Strait Islander workforce participation and business spend. John Holland and Mirvac will invest up to $20 million in work with Aboriginal-owned enterprises, and double the Government’s Aboriginal workforce participation target to five per cent.
The project will create more than 2,000 jobs and is expected to be completed around the time Sydney Metro City & Southwest opens in 2024.