THE NSW Department of Planning will assess a $425 million development proposal for new office buildings and upgrade works at Wynyard Station, following the decision by Planning Minister Tony Kelly to declare the concept plan as a major project.
Mr Kelly said he has declared the concept plan proposal by Thakral Holdings to be a major project and assessed under Part 3A of the Environmental Planning and Assessment Act.
"The proposal meets the statutory criteria to be assessed under Part 3A because it's a commercial development associated with railway infrastructure worth more than $30 million," Mr Kelly said.
"As such, this proposal is coming to the Department of Planning for assessment, rather than the Central Sydney Planning Committee (CSPC)," Mr Kelly said.
He added that the CSPC deals with general residential, commercial and retail projects worth more than $50 million in the City of Sydney, however, the Major Development State environmental planning policy outlines a role for the Department to assess transport-related projects.
The proposal includes a new 29-storey office building consisting of an 11-storey podium and 18-storey tower on land between Carrington and George Streets, major works to Wynyard Station, five levels of retail connecting George and Carrington Streets to the station concourse and the upgrade of the public domain surrounding the site.