Construction on Sydney's newest city centre will begin before the end of the year, with the NSW government releasing first images of how it will look.
The government announced $1.15 billion to kickstart building on Sydney's third city centre, to be known as Bradfield.
It will be situated near Bringelly in Sydney's south-west, on the doorstep of the new Western Sydney International Airport.
The funding over four years will see basic infrastructure and remediation of the 114-hectare site in preparation to attract private investment from major manufacturing and engineering firms.
Premier Gladys Berejiklian said she wanted people living in Parramatta to be able to look west for job opportunities.
"These grasslands behind us will become the advanced manufacturing capital not just of NSW, but of our nation," she said.
"What is now a field of paddocks will become a field of dreams.
"Once the buildings are up, once the major organisations locally and internationally are here working away, thousands and thousands of jobs will be created."
The funding will also help to create a key Indo-Pacific economic hub, unleashing international investment in advanced manufacturing, aerospace and defence, agri-business, pharma, freight and logistics, health and education.
Minister for Western Sydney Stuart Ayres said it was a significant day in bringing the best jobs in the world to Sydney's west.
"We want the best jobs closer to where people live," he said.
"We want to say to anyone around the world if you want to work in a technology, an engineering, an advanced manufacturing role then you need to be considering Bradfield as your place to live work and raise your family."
Mr Ayres said the city will also host a "high-tech facility" with $23 million worth of shared-use equipment for research institutions.
A significant proportion of the $1.15 billion commitment will go to laying the foundation for Bradfield City, including roads, sewage, water and electricity networks.
Mr Ayres estimated the new city will be about 60 per cent of the size of Sydney's CBD once completed.
The Business Council of Australia's chief executive Jennifer Westacott said when completed, Bradfield and the broader aerotropolis will be a game-changer.
"It will see some of the world's leading companies come and invest here, creating new industries, new high tech high paying jobs," she said.
The state government said the funding commitment included in the upcoming state budget will help drive the creation of 200,000 new jobs across the Western Parkland City.
Meanwhile the government will allocate $50 million towards the second stage of the Parramatta Light Rail in next week's budget.
The second stage of the project will link Camellia and Sydney Olympic Park via Wentworth Park in Sydney's west.
The new money will be spent on planning, geotechnical work and an environmental impact statement, after Transport Minister Andrew Constance decided against a trackless tram option.
