More than $900 million of the cash will fund enabling works on the land near Bringelly,including remediation of the site and basic infrastructure.
“Work is set to begin to turn what is essentially a paddock today into a thriving global city centre,” Ms Berejiklian said,adding the city would eventually support more than 17,000 skilled jobs.
NSW Jobs,Investment,Tourism and Western Sydney Minister Stuart Ayres described the budget announcement as a “$1 billion open for business sign to the world”.
“The Aerotropolis is about NSW owning the economic future and creating the jobs our economy will need to keep growing after COVID-19,” he said.
“This will set up western Sydney to power the national economy into the next century.”
He said the city would have a focus on science,technology engineering,and mathematics industries.