Canberra's Railway Precinct is about to undergo a major transformation, and the federal government is stepping in with a substantial investment. A $2.8 million injection from the Commonwealth will kickstart the planning and design for a vibrant urban renewal project, sparking excitement and debate among locals and politicians alike.
The East Lake Railway Precinct, an ambitious urban renewal initiative, is set to release its first land parcels by 2027. This development aims to create a thriving community with 5,000 new dwellings, a mix of commercial spaces, and a much-needed facelift for the outdated NSW-owned railway station. The funding, secured through the Australian Government's Urban Precincts and Partnerships Program (uPPP), complements the Barr Government's earlier $3 million investment in planning and community engagement.
But here's where it gets controversial: the project's success hinges on a delicate balance between public and private interests. Chief Minister Andrew Barr envisions a multi-modal transport hub, integrating the railway station with other transport options. He believes the current station is unworthy of the national capital and calls for its renewal and better integration into the precinct.
'The market will decide the housing mix,' says Barr, 'but more diversity is always welcome.' The plan includes a range of housing options, from residential buildings to build-to-rent accommodations for key workers. The Railway Precinct will also feature commercial and public buildings, with heights varying from four to six storeys and strategic eight-storey marker developments.
The project has garnered support from Federal Infrastructure Minister Catherine King, who emphasizes the importance of planning for successful urban renewal. She highlights the program's focus on urban redesign and area reuse, particularly in inner-city suburbs, to unlock potential for housing, community facilities, and sporting amenities. The planning process will also address environmental concerns, including the protection of the nearby Jerrabomberra Wetlands.
With the ACT engaging the Housing Australia Future Fund and the private sector eyeing development opportunities, this project is set to be a game-changer. However, it's not without its challenges, as a major plan amendment must pass the Legislative Assembly.
The first land releases are anticipated in the Causeway precinct in 2026-27, marking the beginning of a new era for Canberra's urban landscape. Will this project live up to its promise? What impact will it have on the community? Share your thoughts below!
