The Australian Government has pledged $2.8 million to the East Lake Railway Precinct's urban renewal project, set to transform the Canberra landscape. This funding, part of the $150 million Urban Precincts and Partnerships Program, will support the construction of 5000 dwellings and a new railway station, a key component of the multi-modal transport hub. The station, a NSW-owned asset, will be revitalized and integrated into the new precinct, marking a significant step in the redevelopment of the area. The project aims to create a vibrant, sustainable community, with plans for commercial, residential, and public buildings, as well as cultural and community facilities. The Chief Minister, Andrew Barr, emphasizes the importance of the master planning process, which will take 18 to 24 months, followed by land releases. The project's success relies on the collaboration of various stakeholders, including the Suburban Land Agency, NSW Government, developers, the Woodlands and Wetlands Trust, and the Canberra Institute of Technology. The market will determine the housing mix, with a focus on diversity and a combination of public, community, and build-to-rent options. The East Lake Place Plan envisions a dynamic, interconnected neighborhood, with the railway station serving as a central hub for transportation and community life.
