A grand transit hall and public concourse together with a new entrance from George Street will complete the transformation of Wynyard Station, NSW Premier Mike Baird announced today.
The changes, which will follow the current upgrade of Wynyard's station concourse and platforms, are the centrepiece of "Wynyard Place," a new commercial and retail precinct featuring a 27-level office tower.
The NSW Government has formally accepted developer Brookfield's final binding offer for "Wynyard Place" as part of the "unsolicited proposals" process, designed to encourage industry to approach government with innovative ideas and proposals.
Brookfield's unsolicited proposal for Wynyard Place recommended a consolidation of four existing buildings to deliver a four-level public concourse, a new transit hall and entrance to Wynyard Station, and the state-of-the-art office tower.
The transit hall will provide a modern and fully updated connection worthy of one of our major transport hubs, connecting the station with George Street, light rail, bus, taxi and pedestrian networks via a concourse that will service more than 100,000 daily commuters.
The station's surrounds will also be revitalised, including a refurbishment of the historic Shell House on Carrington Street, Margaret Street and Wynyard Lane.
"This $1 billion project is set to become a new jewel of Sydney's CBD," Mr Baird said.
"For too long, Wynyard Station has languished without the infrastructure that such a pivotal transit hub demands."
Wynyard Place is due for completion from 2020 onwards and the Government will ensure construction is staged in the context of the current station upgrade works and Light Rail construction.