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It's the 'Truth'! Cate Blanchett confirmed to film new political drama with Robert Redford in Sydney over spring

By Aap and Karishma Sarkari for Daily Mail Australia Follow @@KarishmaSarkari

Published: 03:33 EST, 23 October 2014 | Updated: 15:06 EST, 23 October 2014

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Australian actress Cate Blanchett is the latest star to film their big budget flick in Sydney.

It was announced on Thursday that the Academy Award winning actress will film the political drama Truth, alongside Hollywood legend and fellow Oscar winner Robert Redford, in the harbour city.

The shoot is set to take place in spring and will last for eight weeks, meaning filming should begin any day now.

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Filming Down Under: Cate Blanchett is due to film her next film starring Robert Redford in Australia after it was announced they will shooting in Sydney in Spring on Thursday

Based on 60 Minutes producer Mary Mapes' 2005 memoir, the story centres on the 2004 scandal that erupted after US news anchor Dan Rather reported that then president George W Bush received preferential treatment to avoid the Vietnam War draft.

Robert Redford will play the famous American anchor, while Cate will portray producer Mary, who was subsequently fired over the story.

Acclaimed screenwriter James Vanderbilt, known for writing the first two films in The Amazing Spider-man franchise, makes his directorial debut with this movie.

Support: Cate was joined by the film's director James Vanderbilt (left) for the announcement (Pictured with Deputy Premier Troy Grant, second from right, and the CEO of Screen NSW, Maureen Barron, right)

It's believed that Mad Men actress Elisabeth Moss will join the cast as associate producer Lucy Scott but no official announcement has been made as yet.

The official announcement of the film's production was made with the New South Wales Government fully behind the project.

'This international production, starring Sydney's own Cate Blanchett, and one of Hollywood's most iconic stars, Robert Redford, shows yet again that NSW is at the top of the list of preferred international production destinations,' Arts Minister Troy Grant said in a statement on Thursday.

Cate Blanchett flashes a reptile-inspired dress at Cannes...

Leading man: Hollywood legend Robert Redford will play American anchor Dan Rutherford

Joining the cast? Mad Men actress Elisabeth Moss is believed to be joining the film as associate producer Lucy Scott

The movie's post-production will also be completed in Sydney.

Thursday's announcement signals a boom for the local film industry, after a string of Hollywood movies flock to film in the New South Wales capital.

Recently Angelina Jolie shot scenes for her new film Unbroken in the CBD, while Gerard Butler stuck to a sound stage at Fox Studios to film Gods of Egypt.

Filming in Sydney: Angelina Jolie used the streets of the CBD to shoot scenes for her movie Unbroken

God Down Under: Gerard Butler predominately filmed Gods of Egypt recently at Sydney's Fox Studios

Spotted: Actress Kate Winslet was seen in Melbourne this week, as shooting began on movie The Dressmaker

Elsewhere in Australia, a string of movies are also being filmed.

Kate Winslet arrived in Melbourne this week to start shooting her new movie The Dressmaker alongside Liam Hemsworth, Judy Davis and Hugo Weaving.

While Teresa Palmer is expected to film both Point Break and the upcoming psychological thriller 2:22, Down Under.

Johnny Depp and his fellow Pirates of the Caribbean will also set up ship in Queensland next February to shoot the fifth film in the franchise - Dead Men Tell No Tales.

Set to film in Sydney: Australian actress Teresa Palmer is also set to film her next movie 2: 22 in Sydney and her next blockbuster Point Break will be shot in Australia also

Pirates heading to Queensland: Johnny Depp and his fellow Pirates of the Caribbean stars will converge on the Gold Coast next year to shoot the fifth movie in the franchise