Sydney transport within the CBD and inner suburbs is set to be transformed following the approval of a $1.6 billion light rail system which is set to link the CBD and Central Quay to major entertainment, health and education precincts.

In a statement released on Wednesday night, New South Wales Transport Minister Gladys Berejiklian announced that the NSW Department of Planning and Environment had given planning approval for the CBD and South East Light Rail project. Set to be built over a four to five-year period commencing early next year,…