Consortium awarded A $2 billion contract for Sydney development

The New South Wales government has awarded a contract worth more than A$2 billion ($1.60 billion) to construction company Grocon, retail property firm Scentre Group and Chinese-backed developer Aqualand to build the final stage of the Barangaroo development in Sydney. Shipping facilities on prime harbour-front land in the heart of Australia's largest city are being converted into a combination of office space, retail outlets, apartments, a hotel, a casino and recreational space.
The development is expected to house more than 23,000 workers and residents, and host thousands more visitors daily, the NSW government's Barangaroo Delivery Authority (BDA) said on its website. The BDA announced on Friday that it had chosen the consortium for Central Barangaroo which is to be built on a 5.2 hectare (52,000 square meter) disused container terminal.