The Minister for Planning provides an update on the Waterbank precinct development in East Perth, highlighting the lodging of the first development application by Lend Lease and the project's economic and social benefits, including job creation and reduced congestion.

AnsweredQoN 727Legislative Assembly
Asked
15 September 2015
Portfolio
Planning

QuestionView source ↗

RIVERSIDE PROJECT — WATERBANK PRECINCT
727. Ms E. EVANGEL to
the Minister for Planning :
I understand that significant progress has been made with the
revitalisation of East Perth through the Riverside project. Can the minister
please update the house on these latest achievements?

AnswerView source ↗

I thank the member for the question. Indeed, I was pleased to
be at the site of the Waterbank precinct near the Causeway this morning, with
the member for Perth and the Premier, for the announcement of the project's
latest significant milestone. The first development approval application has
been lodged by Lend Lease, which was given the mandate to undertake the
development on the site. It lodged that DA and put out the drawings of its
anticipated first building, which will be a 32-storey residential tower with a
very activated ground floor with food and beverage outlets, retail, bars,
restaurants and so on. That is the first stage built form being delivered in
one of the three major projects that are transforming Perth as the capital of
the state. These projects—the other two, of course, being Perth City
Link and Elizabeth Quay—are very important for the effects they are
having not only locally, but also more widely across the Perth metropolitan
area and the state. Contrary to the rather silly comments I heard from the
opposition today to the effect that this government is interested only in
building expensive apartments for rich people near the city centre, it is much
more so; these projects are about employment creation. They are very important
for the jobs that they provide in the construction phase. On Elizabeth Quay, about 4 000 people have been
provided with jobs in one form or another. Many small businesses will also
benefit during this stage of the project. There are similar figures for the
Perth City Link project.
For
the Waterbank building development, about 440 jobs will firstly be created and
about $1 billion has been attracted from Lend Lease as a result of the project,
which will certainly activate very substantially the eastern part of the city.
Another important aspect of the project is that it will provide locations for
thousands of people to live in or close to the CBD. In case it has not occurred
to the opposition, it will therefore be very important in dealing with issues
of congestion, which members of the opposition profess to have some interest
in. Clearly, if people do not have to spend time on the roads, driving to the
city centre to work or recreate, that is a desirable thing.
Mr
B.S. Wyatt : When will they start the construction?
Mr
J.H.D. DAY : The public works will commence around the middle of next year.
It is aiming to commence construction of this residential tower, I think, in
2017. If all goes according to plan, it hopes to have the project completed
over the next six years or so. It is very welcome that Lend Lease has got to
this point. A lot of work has been undertaken by the Metropolitan Redevelopment
Authority for the development of this site, which was actually once part of the
river; it was swampy marshland that was reclaimed in the 1950s and 60s. It has
never really been well used and it will become a very active part of Perth.

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