Property Council NSW Western Sydney Regional Director Ross Grove said the news was a significant step forward for Western Sydney's growth and connectivity.
"Today's announcement signals that the long-awaited Parramatta Light Rail Stage 2 is moving from the planning phase to reality," Mr Grove said.
"This is fantastic news for the communities of Melrose Park and Wentworth Point, who will soon see shovels in the ground and a vital new bridge over the Parramatta River taking shape.
"The Light Rail extension will connect more than 280,000 residents to jobs, education, and amenities and catalyse new housing development and investment in Sydney's Central River City."
Mr Grove said the new 320-metre bridge over the Parramatta River would provide essential connections linking Melrose Park and Wentworth Point and support future growth.
"Stage 1 of the light rail is set to start passenger services by the end of this year, and with Stage 2 now underway, we are seeing a vision for a more connected and sustainable Greater Parramatta come to life," Mr Grove said.
Mr Grove highlighted the long-standing advocacy efforts of the Property Council and the industry's support for the project.
"We've been pushing for this project for years, advocating through our election platforms, budget submissions, and continuous dialogue with decision-makers. Today's announcement is testament to what can be achieved when industry and government work together on critical infrastructure.
"We'll continue to work closely with the NSW Government and other stakeholders to ensure this landmark project delivers on its promise of a better-connected, more vibrant Western Sydney," Mr Grove said.
