Mr Baird and Mr Stoner also announced a time-capsule will be buried on site, containing a range of artefacts and information about the history of Darling Harbour.
“Over the next two years an intensive construction schedule will be undertaken to deliver the project by the end of 2016,” Mr Baird said.
“Once completed the new world-class convention, exhibition and entertainment facilities will ensure Sydney remains the first choice in Australia and the Asia Pacific for the lucrative business events industry,” he said.
Deputy Premier Andrew Stoner said the transformation of Darling Harbour would pay respect to the area’s rich history.
“As we herald in the next chapter in Darling Harbour’s story, we have been mindful to keep the history of the precinct’s continual evolution alive for future generations by dedicating a time capsule,” Mr Stoner said.
“The time capsule contains mementos, video, imagery and information about Darling Harbour on the cusp of its biggest change in 25 years.
“From its Indigenous heritage, early colonial years, industrial use as a goods yard, railway node and port to its revival as an events and entertainment destination, Darling Harbour has always been a place for people and a centre of innovation.
“The $2.5 billion Darling Harbour Live redevelopment will build on that legacy with state-of-the-art major events venues, a new city neighbourhood, as well as new open public spaces, water features and improved pedestrian connections into this much loved part of Sydney,” he said.
Mr Stoner said Darling Harbour’s 20-hectare renewal, together with Barangaroo’s bold $6 billion redevelopment, the $1.6 billion Sydney Light Rail program, and the pedestrian precinct at The Goods Line, will completely reinvigorate the western flank of the city.
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