Tuesday, 11 November 2008

Region. Forum on water supply

An expert panel will debate ways to secure Western Sydney's water supply in the face of extended droughts, climate change and growing demand as part of a of a forum which seeks to secure the future of the Hawkesbury-Nepean river system. "Without question water is vital for survival, but it is also essential for maintaining and fuelling Western Sydney - the fastest growing region in Sydney and the third largest contributor to Australia's GPD," said Associate Professor Basant Maheshmari, from the UWS School of Natural Sciences and CRC for Irrigation Futures. Water in Western Sydney irrigates gardens producing fresh fruit and vegetables worth millions, and is also a vital input in many industries. "Water for Western Sydney. Who will miss out?" will be held at the Hawkesbury campus, on November 29.


Parramatta. Hold on large-scale projects

Restrictions imposed by the credit crunch - lack of commitment from tenants and difficulty in obtaining finance - are holding back large-scale development opportunities in Parramatta, according to the CBRE third quarter MarketView. The developments are necessary to revitalise Parramatta and help it compete with the ever-growing Macquarie Park, Rhodes and Homebush Bay. Developments such as the 20,000-square-metre Eclipse, at 60 Station Street, are aiming to attract new tenants and refresh Parramatta's image. Net additions are expected to average just below 12,000 square metres over the next five years, around 6000 square metres below the five-year historic average. The new 22,500-square-metre headquarters for Sydney Water is a major addition for 2009 and is expected to boost net absorption for that year.