The new station, part of the Sydney Metro City and Southwest project, will take pressure off Redfern and Green Square commuter rail stations and provide a metro link to key employment areas in Sydney’s business district, North Sydney and Barangaroo.

The Waterloo Metro Quarter concept comprises the constriction of five buildings including three high-rise and two mid-rise buildings above and adjacent to the station.

John Holland CPB Ghella is already building the 15.5km-long twin railway tunnels between Chatswood and Sydenham and excavating six new metro stations, including one at Waterloo.

Two tunnel boring machines (TBMs) are expected to reach Barangaroo later this month, before being relocated from the Marrickville dive site to the Waterloo station site where they will continue the cross passages and tunnel floor concrete work.

The project is expected to be completed in line with the opening of the Sydney Metro City and Southwest project in 2024. Indicative travel times following the opening of the station will be two minutes to Central Station, six minutes to Sydney Metro’s Martin Place Station and eight minutes to Barangaroo station.

Under the plan, at least 5% of the new homes will be affordable housing and 70 apartments will be set aside for social housing. The project includes new community facilities, trees, retail and office space and two new public plazas at Cope Street and Raglan Street.

The City and Southwest project includes the construction of a 15km line with seven new stations, along with the upgrade of an existing suburban line to metro standards, covering an additional 13km of track and 11 existing stations. The project also includes expansion of the current Sydney Metro Trains facility at Rouse Hill and a new depot at Sydenham. Tunnelling for the line was 50% complete in July.

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