The future of the White Bay Power Station has been secured, with $49 million committed to complete its remediation in the NSW Government’s 2022-23 Budget.

Treasurer Matt Kean said the 105-year-old building would form the centerpiece of one of Sydney’s most anticipated urban renewal projects.

“The recently released draft Bays West Stage One master plan outlines a bold vision for the precinct with a restored White Bay Power Station at the heart of those plans,” Mr Kean said.

“This will allow Government to restore and transform this important piece of NSW history on Sydney’s harbour foreshore, removing lead and asbestos and making the building safe for future use.”

“By protecting and restoring Sydney’s past, we’re securing a brighter future for people living near, working or visiting the Bays precinct.”

Minister for Cities Rob Stokes said Place Management NSW would now be tasked with examining feedback from the draft master plan exhibition and determining a process for the future use of the power station.

“The White Bay Power Station could be Sydney’s answer to London’s Tate Modern, only we have a much nicer harbour,” Mr Stokes said.

“The restoration of this former coal power station will power Sydney’s most anticipated urban renewal project in generations and spark enormous investment.

“These remediation works will take around two years to complete, meanwhile the Placemaking NSW board will advise Government on potential future uses.”

Any future use for the site will involve consultation with the community and key stakeholders across many sectors.

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