National News

Sydney Fish Market gets $750mln funding

Sydney's new fish market will get a $750 million state government injection under plans to relocate one of the city's major tourist drawcards.

NSW Premier Gladys Berejiklian and Planning Minister Rob Stokes on Thursday announced the funding, saying the existing, but tired, market at Pyrmont is the second most-visited attraction in Sydney behind the Opera House.

"More people come to visit the Sydney Fish Market than visit Australia's Great Barrier Reef each year," Mr Stokes told reporters at the markets in Pyrmont.

The premier predicts the number of visitors to the market will double to more than five million a year after the relocation.

The new facility, designed by Danish architects and built on the head of Blackwattle Bay, will include public promenades, a ferry wharf and vast public spaces.

"One in five international tourists to Sydney visit the existing Fish Markets," Ms Berejiklian said.

"In addition to the clear benefits for Pyrmont, the new market will be a boon for regional communities as a showcase for the very best seafood from along the NSW coast."

Demolition of the existing wharves on the new site will begin soon, with the new market set to open in 2024.

The fate of the current site will be decided by an ongoing planning process.

© AAP 2019