Macquarie moves closer to Sydney Metro hub project

Under an advanced proposal from the Macquarie Group, the design of a new metro transport and business hub at Martin place will be moving forward with the approval of the NSW State government, according to The Railway Express.

The report mentioned that the NSW Government had said it was ready to negotiate a final binding offer with Macquarie Group to deliver the Sydney Metro Martin Place Precinct.

Macquarie’s proposal would see the major CBD development delivered in time for the opening of Stage 2 of the Sydney Metro rail project in 2024, the government said.

Macquarie Capital executive director Will Walker said the design would integrate the redeveloped Martin Place station into a significant business precinct.

“Integrating the station and over-station design and delivery allows for better use of space and natural light, and allows for features that improve convenience for station users,” Walker said.

“It would also enable us to offer an intuitive design that would offer customers ease of navigation throughout the station precinct.”

The design would include Macquarie’s Martin Place headquarters, a move the firm said would allow for “a number of enhancements,” including an underground public concourse.

 

The plan has advanced to the third and final stage of the NSW Government’s unsolicited proposal program.

While Stage 3 allows for negotiation of a final binding offer, Macquarie noted that neither the group nor the Government were obligated to proceed with the proposal at this stage.