Danish architects 3XN along with the Sydney-based BVN and Aspect Studios designed the new building. The project also includes significant changes to the foreshore in the area,intended to open up public access. “As a result of this development people will be able to walk all the way from Glebe to Woolloomooloo along Sydney’s foreshore,” Mr Stokes said.

The government said significant development applications would soon be placed on public exhibition. One will cover the demolition of the existing markets and wharves,the other the construction of the new facility. The new fish market is expected to be opened by 2024. The plan is for the new market to open before the existing market closes.

The government says no decision has been made about how the existing fish market site will be redeveloped.

In relation to the increased cost,Ms Berejiklian said:“The scope has changed significantly … we’ve made sure we have increased the scope so that it does become an iconic place”.