The project will see the construction of a 1,000-seat convention centre and 3,700 square metre exhibition space, as well as development of a 200-room hotel and retail and commercial spaces.
The project is proposed to be delivered as a Public Private Partnership (PPP). Following delivery of the convention and exhibition centre, it will continue to be operated by the Victorian Government, with facilities management services provided by the private sector.
The private sector will finance and construct the hotel, retail and commercial spaces through a structured transaction, which may include development agreements and the opportunity for long-term tenure for the hotel and complementary developments.
|Mar 2019||Project Announcement|
|Jun 2022||EOIs Close|
|Oct 2022||RFP Open|
|2023||Expected Construction Commencement|
|Procuring Agency:||Development Victoria|
|Mar 2019||Geelong Convention Centre announced through the Geelong City Deal.|
|Dec 2021||The Victorian Government allocated an additional $120 million to the project.|
|Dec 2021||Project scope changed to add hotel, retail and commercial spaces, with additional Victorian Government funding commitment of $120 million. This took the total Victorian funding commitment to $260 million, with the Federal Government providing $30 million and Geelong Council providing $3 million.|
|Jan 2022||The project's early works commenced.|
|Mar 2022||Development Victoria provided an industry update, indicating market sounding had commenced by invitation-only. EOIs are expected to be taken in the second quarter of 2022, with RFPs to be released to shortlisted bidders in the third quarter of 2022.|