A $200 million plan for the Sydney of the future Prime Minister Kevin Rudd with Minster for Indusrtry Kim Carr / Pic: Lyndon Mechielsen Source: News Limited UP to 50,000 new "future" jobs are being promised for Sydney under a $200 million plan to be released today by Industry Minister Kim Carr to make the city the centre for future industries and hi tech manufacturing. And an estimated 30,000 of the new jobs are forecast to be eventually based at Barrangaroo, with the new development now earmarked to become the national precinct for a global financial services hub. Rhodes in Sydney's west has been chosen to be the co-centre of a new national transport and logistics precinct with thousands of jobs expected to be generated for western Sydney workers. And a third precinct in the inner west will generate up to 6000 digital and creative industry jobs. Kevin Rudd was yesterday accused of killing jobs with his plan to move Navy personnel based at Garden Island to northern Australia. But today Labor will announce that Sydney, including critical parts of western suburbs, will be allocated almost half the funding of a $500 million national innovation policy to attract global companies to invest in Sydney. The national innovation partnerships, based on a model that has revitalised high unemployment regions in the UK, US and Germany, will initially provide around $28 million from government, matched dollar for dollar by industry, to set up the new job hubs. However, Sydney will be allocated 41 per cent of the entire $500 million in national grants - of up to $10 million each -for specific job creation projects in new and hi-tech manufacturing industries. The new Financial Services Innovation Partnership is being planned for the CBD but will eventually move to Barrangaroo when it is completed. It is estimated by the industry to create up to 30,000 new jobs across Sydney and boost the country's financial services exports by $1.2 billion in a bid to rival Singapore and Hong Kong. The new transport and logistics hub at Rhodes will be linked to a similar base at Eveleigh in Redfern and will become the centre for new rail technology in a sector that already contributes 26 per cent of Australia's GDP and employs 1.5 million people. It will include companies such as Linfox, Patrick Container Ports, Sydney Ports Corporation, Bombadier Transportation and Downer Rail working with western Sydney university to unlock global research and development skills and create new manufacturing industries. "Western Sydney's strength lies in its contribution to the national economy, "Mr Carr told the Daily Telegraph yesterday. Sydney will be Australia's global gateway for innovative new industries that create tens of thousands of new high-tech, high paid jobs of the future and add billions to export revenues with three new industry partnerships in the growth sectors of transport, financial services and ICT. This is a first for Australian industry policy. Australian workers are among the best in the world. We need to create the industries of the future. The government has already announced the first of the four future employment precincts - a medical industries hub in western Sydney. Unemployment in western Sydney is tipped to keep rising and includes regions of the highest jobless rates in the country due to the decline in manufacturing.