Statue of Governor Macquarie unveiled

NSW Premier Barry O'Farrell has unveiled a new statue of Governor Lachlan Macquarie at Hyde Park. Source: AAP

NSW Premier Barry O'Farrell has described Governor Lachlan Macquarie as "a great builder of this city" as he unveiled a new bronze statue of the colonial administrator in Sydney.

Situated in Hyde Park near his namesake street, the statue recognises Macquarie's part in founding and shaping Sydney.

"He not only explored, he not only developed public works, he (sought) to beautify what he said was a fine and opulent town which has become a fine, opulent and global city," Mr O'Farrell said on Thursday.

"I think he shaped that Aussie 'fair go' that we see today."

The new statue replaces a previous monument to Macquarie which was removed in 2009.

Sculptor Terrance Plowright was commissioned to create the new sculpture in 2011.

"It's been complete for a couple months and we've been looking for a suitable time (to unveil it)," Mr O'Farrell told reporters in Sydney.

"Her excellency (Governor Marie Bashir) thought the anniversary of Macquarie's birth, the 31st of January, with the 225th anniversary of the founding of the city, was an excellent time."

Enthusiastic Macquarie admirers gathered at the unveiling, dressed in traditional clothing.

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