The Darling Harbour Live project is an investment that will help grow Australia’s visitor economy, according to peak national industry body Tourism & Transport Forum (TTF).
TTF Chief Executive Ken Morrison said the revitalised precinct will be a visitor magnet.
“Darling Harbour Live will transform the precinct, delivering reinvigorated public spaces and world-class events facilities that will boost the visitor economy,” Mr Morrison said.
“Sydney missed out on hundreds of millions of dollars in economic activity every year because the old Sydney Convention and Exhibition Centre did not have sufficient capacity.
“The new International Convention Centre Sydney will change all that, giving Sydney the biggest exhibition space, the biggest meeting space and the biggest plenary space in the most advanced facility in the country.
“That will allow Sydney to bid for and host multiple major business and entertainment events simultaneously, generating spending that will create jobs and support businesses.
“The inclusion of a hotel on-site is also a significant boost for the precinct and for Sydney generally.
“An integrated, active precinct including the entertainment and convention centre, retail, dining and accommodation will attract locals and visitors alike and link the precinct to Chinatown, Ultimo and Pyrmont.
“In addition, Darling Harbour Live will encourage further investment in other tourism assets like hotels and attractions, driving further economic activity and creating more employment and business opportunities for New South Wales.
“Attracting business events to Sydney will benefit regional NSW as well, with many such visitors taking the opportunity for some leisure travel, often with family members or friends, further adding to the return to the state’s economy.
“We congratulate the New South Wales Government and the Darling Harbour Live project company on commencing construction of the International Convention Centre Sydney.”