$1 billion capital investment in Parramatta

A back-of-the envelope exercise indicates that the total amount of capital invested in major infrastructure, retail and public and private sector office projects, in the CBD, and residential towers on the CBD fringe, was in the order of $1 billion. Council is unable to provide a figure, as “investors do not ask for that type of information”, a council spokesperson said. “Council concentrates its energy on compiling other more important statistics that illustrate levels of investment in Parramatta. For example, employment growth, commercial vacancy rates and new companies moving to the area, to name just a few,” Also, capital invested in new projects in the city’s industrial sector would total many hundreds of millions of dollars, in boosting the overall attraction of the Parramatta LGA to investors.