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The Australian state of New South Wales has today (Monday) unveiled a plan to secure 10 major sporting events over the next decade in the belief the effort can drive at least Aus$1bn (€635.8m/$746.8m) into the local economy.

The masterplan commences with the mooted international nines rugby league tournament, which would be held at the end of the 2019 season. Cricket’s World Twenty20 tournament for men and women, which has already been assigned to Australia for 2020, has been included, while the NSW government is also targeting the Association of Tennis Professionals’ (ATP) World Team Cup, which is set to return to the men’s calendar in Australia in 2020.

In December, Rugby Australia signalled its intention to bid to host the 2027 Rugby World Cup and the 2021 Women’s Rugby World Cup. Both events are included in the NSW plan. The state is also targeting cycling’s Road World Championships in 2022 and netball’s World Cup in 2027.

NSW has also stated its intention to be part of the federal government’s effort to target Fifa’s Women’s World Cup in 2023, along with the Rugby League World Cup in 2029. Premier Gladys Berejiklian said: “We want to attract the world’s best and biggest events right here in NSW.

“The benefits are not just for sports fans being able to see the best in the world, but for jobs and the economy as well – the 10 major events would inject at least $1bn into the economy in visitor spend alone.”

The NSW Government will appoint an advisory committee, led by the man who brought the 2000 summer Olympics to Sydney, Rod McGeoch, to secure the events. McGeoch will be supported by Destination NSW and the Office of Sport in bidding for major events.

In March, the NSW government opted to refurbish instead of rebuild Sydney’s ANZ Stadium as part of a revamp of a major stadium redevelopment plan that will ensure the venue continues to host the Grand Final of Australia’s National Rugby League (NRL) for the next 25 years.

In November, the government announced plans to demolish and rebuild ANZ Stadium and Allianz Stadium. While a decision has been taken to redevelop the former venue, the planned demolition of Allianz Stadium will still go ahead.

Construction work on ANZ Stadium is expected to start in late 2019 and be completed by mid-2021. The venue will be reconfigured into a 70,000-capacity rectangular stadium. Work on Allianz Stadium is expected to begin at the end of the year, with a completion date having been set for March 2022.

The NSW government said the revised plans for both stadia would cost around Aus$1.5bn. The smaller Parramatta Stadium will also be rebuilt to a 35,000-capacity, which will bring the total cost of the project to Aus$1.8bn.

Minister for Sport Stuart Ayres said today: “Investing in renewing our sporting infrastructure puts us in a position to attract a wide range of events to satisfy all sport enthusiasts. This is about putting the best sports and the best events in the best facilities and keeping Sydney the number one choice in Australia for sports fans.”