NSW Minister for Transport and Infrastructure Andrew Constance last week announced the location of the new station at Waterloo – the 31st station on the proposed Sydney Metro system.
The station will be built underground between Botany Road and Cope Street, south of Raglan Street, with discussions now under way with affected landowners and tenants.
"We've locked in a station location and we're getting on with the job of delivering the next stage of Sydney Metro," Mr Constance said.
"This is a game-changing project for our city. The station at Waterloo is a key part of realising the area's enormous potential and will make this rapidly growing part of Sydney more accessible and take pressure off Redfern and Green Square Stations."
Sydney Metro will deliver 'turn up and go' rail services with more than 65 kilometres of new metro rail on a standalone line.
Stage 2 of Sydney Metro – Sydney Metro City & Southwest – includes new twin rail tunnels from Chatswood to Sydenham and proposed new stations at Crows Nest, Victoria Cross (North Sydney), Barangaroo, Martin Place, Pitt Street, Central and Waterloo.
The Environmental Impact Statement for the project is expected to be released later this year.