trade and investment committee proposed

Parramatta City Council proposes to launch a trade and investment committee to respond to the growing interest in investing in the city.

“This financial year, we have received development applications worth well over $1.6 billion, double the amount for the same period last year,” Lord Mayor, John Chedid, said.

Clr Chedid was speaking to approximately 200 business men and women at the Parramatta Chamber of Commerce’s annual State of the City Address, at the Novotel Hotel.  

“We have 33 major commercial and residential developments being built in our city and in coming years, there will be $8 billion of commercial and residential development built,” he said

“We have launched a new service to support and fast-track developments by assigning development case-workers to smooth the process.

He said 5000 new apartments had been approved in Parramatta in recent years,

Clr Chedid said Parramatta would soon overtake Adelaide as Australia’s fifth biggest CBD..

He said council had “fielded” expressions of interest for more than 100,000 square metres of commercial property space within council’s $1.6 billion Parramatta Square project.