New growth plan means more housing for Sydney

Posted: 2012-02-22

Land and infrastructure development is set to rise in Sydney, after the Commonwealth and NSW governments signed off on the Sydney Growth Centres Strategic Assessment Program (SGCSAP).

The initiative aims to streamline environmental planning to promote higher rates of housing development in the western Sydney area.

Federal environment minister Tony Burke said the initiation of this program could drive more than $7.5 billion in infrastructure investment into the region over the next 30 years.

"We are making sure that we are developing sustainable communities that accommodate Sydney's growing population over the next 30 years, while providing certainty around how development can progress and ensure protection of our critically endangered environment," he said.

As projects begin to come out of the commencement of this program, builders in the area may consider checking over the particulars of their construction insurance policy prior to submitting tenders.

Before starting any new venture it can be a good idea to make sure you are covered with a policy tailored to any unique requirements you may have.