The line iIncludes 20 light rail stops along the 12km route. The main contract to design, build, operate and maintain the new system is expected to be awarded as a Public Private Partnership (PPP) by early 2015 with major construction commencing soon after.
"This is a priority project for the NSW Government that will transform Sydney, deliver over $4 billion worth of economic benefits and create 10,000 jobs for NSW," said minister for transport Gladys Berejiklian. "I am delighted the project has received formal planning approval. The NSW Government is getting on with the job of building new infrastructure that will improve services for transport customers, increase productivity and support economic growth.
"Light rail will bring major benefits for Sydneysiders including significantly improved access to modern and reliable public transport, access to sporting, entertainment, health, and education precincts, a boost to local businesses, and we have no doubt it will also result in urban renewal and economic development."
She said approval of the CBD and South East Light Rail includes conditions to address key impacts during construction and operation of the new light rail system. "We recognise that there are challenges ahead, and delivering a project of this scale in a busy urban environment will result in impacts to communities and businesses during construction. We have listened to the community and these conditions will ensure that during construction and operation of the CBD and South East Light Rail, potential environmental, noise and traffic impacts are managed well."