ASX-listed property developer Boyuan Holdings Limited has released an updated masterplan for the 344-hectare Northern Gateway City at Badgerys Creek.
Boyuan, along with its consortium partners Scentre Group, Western Sydney University, Logos and world-renowned neurosurgeon Professor Charlie Teo will spearhead planning and construction of the new city.
The site of the new city is the largest single owner land holdings in the new created Western Sydney Aerotropolis and, according to analysis carried out by Urbis, will inject $21.6 billion into the fast growing regional economy.
Boyuan now anticipates the Northern Gateway will create more than 55,700 direct jobs, 28 per cent of the Western Sydney City Deal’s target of 200,000 jobs by 2050.
The precinct will include integrated health, education, retail, entertainment and leisure precincts, hi-tech logistics clusters.
It will also accomodate key workers during the construction of the Western Sydney Airport and the surrounding aerotropolis.