Victoria Planning Minister Richard Wynne approved developers’ plan for the construction of higher buildings in Melbourne, while the Australian government said that the Western Sydney Airport would be the second of its kind in Sydney.
Melbourne’s development into a renowned city has been swift in the last 10 years, and it became one of the most prominent urban areas in the Western world with high-rise buildings. Wynne has sought to maintain and even improve that status by issuing support to property developers.
For instance, the planning minister approved plans for the construction of several of the tallest buildings in the country, with some of them equipped with louvres, external cladding and other building components. The move aims to continue the wave of 180 residential projects approved or planned between 2012 and 2014.
Last 2016, developers built or planned an additional 100 high-rise towers that could likely double the number of such buildings in the city.
Sydney Airport Group turned down a project to build an up to A$5 billion Western Sydney Airport Badgerys Creek, mainly because of financial constraints. The Australian government then decided to take on responsibility for the proposed development, ending more than 70 years of uncertainty on whether the airport would become a reality.
The project would help address a burgeoning demand for air travel in and out of Sydney, as two independent reports predict that Sydney Airport would be unable to handle extra flights by 2027. The reports also suggested that the airport operator’s capacity issues would lead to A$60 billion in economic losses by 2060.
Infrastructure projects still serve as an important backbone for Australia’s economy. The same holds true for cities in other countries. Whether these are high-rise buildings or airport projects, infrastructure investments ensure that cities remain capable of meeting demand, due to a number of factors, such as population growth.