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Australia - Sydney - Barangaroo, Sydney Barangaroo is Sydney's newest, spectacular waterfront precinct - a place that everyone in NSW and Australia can be proud of. Barangaroo is located on the western edge of Sydney's CBD, on the shores of our world famous harbour. It is currently 22 hectares of construction site, formerly a disused shipping container yard. Valued at over $6 billion AUD, Barangaroo is Sydney's largest redevelopment project this century and will evolve over the next 10 to 20 years, injecting more than $1.5 billion AUD into the NSW economy annually. When complete, Barangaroo will showcase how city populations can live sustainably. It will create a new, 21st century western face to our city. It will include six hectares of a new headland park, busy public waterfront walks and parks, commercial office towers and apartments, all serviced by new and extended transport systems. Barangaroo's Headland Park is a 6 hectare absolute foreshore harbour park with a naturalistic design featuring more than 70,000 plants and trees native to the Sydney Harbour area. Scheduled for completion in 2015, the stunning park will provide space for recreation, expression, celebration, and community. It will also feature lookouts, walking and cycle paths, a new harbour cove, a cultural venue, and unique tidal rock pools created from sandstone excavated from the Barangaroo site. Headland Park will offer Sydneysiders the closest connection to Sydney Harbour that any foreshore park ever has. Barangaroo's southern mixed-use zone will be the commercial centre of Barangaroo. It will feature commercial buildings with large floor plates demanded in the 21st century by the international financial services industry, a retail area, and residential apartments that will ensure the site is vibrant and active seven days a week. The central zone of Barangaroo is the heart of the site. As a home for creativity and innovation, it will also be a cultural and civic focal point for recreation, events and entertainment. Master planning for this area is currently underway with a master planning team appointed in December 2012.
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