Transport For NSW
Transport for NSW (TfNSW) is investigating route options for a potential light rail corridor connecting Parramatta to major centres in Western Sydney. The ‘Stage 1’ corridor as identified by TfNSW is a 22km corridor with 20 stops connecting Westmead Station to Strathfield with a second spur to Carlingford.
Role of Tenderer
LUTI Consulting (with Mecone Planning) provided an overview of the high level and preliminary land use, economic and financial analysis for the proposed Parramatta Light Rail corridor.
Further analyses on a range of active and passive land and property value sharing mechanisms and willingness to pay for proximity to public transport and urban renewal projects were undertaken by LUTI Consulting on behalf of NSW Government, outlining the land value uplift and sharing opportunities associated with the provision of new transport infrastructure.
The final report to TfNSW outlines the opportunities for the NSW State Government to share in the value created from the investment in the Parramatta Light Rail, and proposes a methodology the use the revenue streams to defray the cost of the project.
Dr James McIntosh – Project Integration and Value Creation Lead
Dr Roman Trubka – Economics and Spatial Analysis Lead
January 2015 – November 2015
Photo: SMH, 2015