Adelaide Riverbank Arena




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Adelaide Riverbank Arena
STATUS

Prospective pipeline

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.

Credibly proposed

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.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

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.

Recently closed

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:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Announced
VALUE: $700M AUD
SECTOR: Social infrastructure
JURISDICTION: SA
PROCUREMENT APPROACH: Unknown
TYPE: Greenfield

Project Scope 

The Government of South Australia committed to building a $700 million arena in Adelaide’s Riverbank precinct if re-elected in March 2022. The arena will be located between the rail yards and the River Torrens, west of Morphett Street bridge.

The new arena will replace the Adelaide Entertainment Centre and be able to host concerts, conventions, and court sports. It will have seating capacity for 15,000 patrons for all events, allowing South Australia to host major international conferences and events.

A key component of the plan is an underground tunnel below Morphett Street, which would directly link the arena with the Adelaide Convention Centre, increasing exhibition space by 5,600 square metres.

 


 

Key Dates 

Mar 2021: Project announced

Dec 2021: Final costs to be determined

2023: Planning and preparation for construction to commence

2025: Expected construction commencement

 


 

Funding

SA Government: $700,000,000

 


 

Project History

Mar 2021: The SA Government announced that, if re-elected in March 2022, it will build a $700 million new arena in Adelaide's Riverbank precinct. Also, Infrastructure South Australia listed the project in its 2021 Capital Intentions Statement, as a project for final investment decision, with Infrastructure South Australia noting it completed an assessment of an initial business case and recommends further work to refine costs and timing of the project.



Last reviewed: 26/03/2021

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