Planning Minister Rob Stokes said the proposal for the Sydney Science Park at Penrith can now be put forward to the next stages of approval.
“This project will help generate high-end jobs and infrastructure. It will provide a new school and new retails stores for the people of Western Sydney,” Mr Stokes said.
Once complete the scienc park will create over 12,000 jobs and 3,400 new dwellings. It will also enable local students to learn in an environment of innovation, creativity and entrepreneurship.
Mayor of Penrith Ross Fowler said the project will be an important addition to the region.
“A key feature of the plan is the inclusion of a new Town Centre, industrial research and development facilities, a school and a retail centre, all providing new employment opportunities in this area of Western Sydney,” Mayor Fowler said.
The proposal will be on public exhibition with the community invited to provide feedback on the project.