ANZ Stadium Redevelopment
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
ANZ Stadium at Sydney Olympic Park will be rebuilt into a rectangular stadium with seating capacity for 75,000 and a retractable roof. The rebuild was announced by the NSW Government in November 2017, at an estimated cost of $1.25 billion. The rebuild of Allianz Stadium was announced at the same time, taking the total cost of the rebuild for the two stadiums to $2 billion. This is in addition to the $200 million the NSW Government spent on buying ANZ Stadium back from the private operator.
ANZ Stadium, also known as Stadium Australia, was completed in 1999 to host the Sydney 2000 Summer Olympics. It is a multi-purpose stadium and has hosted events and games such as the Rugby World Cup, the Asian Cup Final, the NRL, State of Origin and the AFL. The confirmation from the NSW Government of the rebuild has resulted in NSW securing the NRL Grand Final in Sydney for the next 25 years.
The announcement signals a significant expansion of scope for Sydney's stadium projects - which were originally planned for refurbishment - not rebuilding. ANZ Stadium was originally part of the Stadia package, announced by the Baird NSW Government in 2015. The package was originally set at $1.6 billion and included $350 million for the new Western Sydney Stadium in Parramatta, $450 million for the refurbishment of Allianz Stadium and $700 million for the refurbishment of ANZ Stadium.
The Allianz Stadium redevelopment was included in Infrastructure NSW's 2014 State Infrastructure Strategy.
Construction is planned to start in 2019, with the stadium to open in 2022.
Last reviewed: 01/12/2017