Sydney one step closer to delivering Australia's largest event facilities

31 August 2012

Two groups of companies, comprising leading event organisers, property experts, builders and financiers have submitted bids to design, plan, build and operate Australia's largest event facilities in Sydney's Darling Harbour.

Infrastructure NSW, which is delivering the Sydney International Convention, Exhibition and Entertainment Precinct, will now conduct a rigourous evaluation process to recommend a successful proponent to the NSW Government, scheduled for December 2012.

The two proponents are:

  • Destination Sydney including Capella Capital, Lend Lease, AEG Ogden and Spotless.
  • VeNuSW including Plenary Group, Brookfield Multiplex and Sydney Place Management.

Infrastructure NSW CEO Paul Broad said the quality of the bidding companies reflected strong private sector interest in one of Sydney's largest infrastructure projects, representing a signficant investment in the NSW economy and creating about 3,500 jobs.

"The new facilities will be unrivalled, creating the largest exhibition space in Australia at 40,000 square metres, allowing Sydney to tackle the Asia-Pacific market by providing capacity and flexibility for more than one 'mega' conference to be held at one time," Mr Broad said.

"We are also looking for the proponents to create a red carpet, premium entertainment facility, suitable for both Australian and international events."

The project will mean a complete facelift for 20 hectares around Sydney's iconic Darling Harbour and the development of a new residential, hotel and commercial area of Sydney, creating significant value to the taxpayer.

While Darling Harbour will remain an active and vibrant area, the existing convention, exhibition and entertainment centres will be closed from December 2013 to December 2016 when the new world-class facilities will be opened. This followed strong representations from industry which called for the shortest possible construction period.

Infrastructure NSW is developing a Sydney-wide solution, including the potential for an interim facility, to ensure NSW's events industry stays number one during construction of the new precinct.

The interim solution will also see Sydney Olympic Park, Moore Park, Sydney's hotels, the Australian Technology Park, the Hordern Pavilion and Allphones Arena, playing an expanded role in hosting conferences, some exhibitions and entertainment.

Visit the Sydney International Convention, Exhibition and Entertainment Precinct (SICEEP) website at www.siceep.com.