The Western Australia Government has revealed that the cost of the new Perth stadium at Burswood and the surrounding precincts development will be approximately A$900m ($949m).
As per the new Perth Stadium Project Definition Plan (PDP), A$690m ($727.6m) will be spent on stadium infrastructure while A$70.2m ($74m) has been allocated for the surrounding sports precinct with A$142.4m ($150m) as contingency.
The new stadium will be 165m long and 130m wide with an east-west orientation and will be developed on a northern section of the Burswood Park golf course.
The stadium will have an initial capacity of 60,000 seats and may be expanded in future to accommodate 80,000 spectators.
The stadium will feature ground-level hospitality boxes positioned near the boundary line, a terrace and field clubs.
In December 2011, the Western Australia Government appointed Populous as an architectural consultant for the stadium.
Tenders for pre-construction works are due to be issued in October 2012 with the government anticipated to call for expressions of interest for the main construction contract by the end of 2012.
Western Australia Minister for State Development Colin Barnett said "The new Perth stadium will offer the best sightlines of any facility in the country; 85% roof coverage, and a playing surface that can be reconfigured for rectangular sports."
Construction of the stadium is expected to commence in 2013 or 2014 and is due to be completed in time for the 2018 Australian Football League (AFL) season.
Upon completion, the new stadium will have the third-biggest capacity in Australia and become the second-biggest home stadium of the AFL.
The stadium and sports precinct would be developed using a design-build-finance-maintain model in which the stadium would be owned by the government, with the State directly funding the majority of the design and construction costs.
Image: When completed, the new stadium will have the third-biggest capacity in Australia. Photo: Government of Western Australia.