How will Sydney and NSW benefit?
The Sydney Telstra 500 will benefit the State through: • a forecast economic benefit as a contribution to the Gross State Product of NSW of up to $100 million over five years; • an additional 30,000 hotel visitor nights in Sydney each year; • the creation of the equivalent of 110 new full-time jobs; • the provision of opportunities for NSW TAFE trainees to work with the V8SA teams across their hospitality, logistics and driver/mechanic support areas; • $20 milllion of international and national media exposure each year; and • approximately 15,000 overseas and interstate visitors. In addition to the economic benefits, V8 Supercars Australia has confirmed to the NSW Government that it will develop a “Road Safety and Young Driver Programme” specifically targeted at NSW schools.
