Sydney Metro: Martin Place integrated transport precinct

Sydney’s Martin Place will be transformed with a $378.6 million construction contract awarded to deliver the new Sydney Metro railway station and the landmark integrated transport development above it.

With the new Martin Place Station, customers in the heart of Sydney’s CBD will have access to an unprecedented level of public transport and will be more connected than ever before.

Martin Place is Sydney’s first integrated metro station development.

The NSW Government has awarded Macquarie Group a $378.6 million contract to deliver the largely underground station component of the new Martin Place metro station – including new underground pedestrian connections and improvements to the public domain.

As part of the first value capture agreement on Sydney Metro, the NSW Government will receive $355 million from Macquarie Group for the air rights above the new metro station and Macquarie will deliver new commercial buildings, pedestrian connections and retail space.

Macquarie Group has appointed Lendlease as its design and construction contractor to deliver the new station, retail space, pedestrian connections and the buildings above the station.

The new metro station as part of the development will meet the same high standards as all the new city metro stations and will be owned by the NSW Government.

Customers will walk past a range of stores on their way to the train station. The modern design has been informed by New York’s World Trade Centre station and Hong Kong’s International Finance Centre.

As the new Martin Place Station is built underground, the integrated station development will be able to be built above at the same time. This helps reduce community impacts, and allows for the buildings to be completed close to when Sydney Metro services start in 2024.

Sydney Metro services start in the second quarter of next year in the city’s north west, with metro rail to be extended in 2024 under Sydney Harbour, through the CBD and beyond to Bankstown.