A five year once in a generation economic boom is about to hit Parramatta.
Economic growth is set to almost double by 2021, according to a new PricewaterhouseCoopers report.
The Parramatta 2021 report commissioned by City of Parramatta Council estimated a workforce of 186,000 within five years, while an additional 41,000 residents will call Parramatta home.
“Parramatta will double in size in the next 20 years but the next five years is going to be impressive,” council general manager Greg Dyer told business leaders last week.
“That future will be here on our doorstop sooner than anyone thinks. It will show the way for other parts of western Sydney and we hope to add metro and fast rail links to cement the deal.”
Committee of Sydney chief executive Dr Tim Williams spoke about the need for Parramatta to become a 30 minute city.
“We need to maintain the rage but it needs to be done in a way to avoid regional jealousies as Parramatta’s success will lead to success of other regions. Parramatta isn’t the gift of the west. It still requires new and further investment,” he said.