Work starts on $300m Melbourne Convention Exhibition Centre upgrade
Preliminary works have begun on Melbourne Convention & Exhibition Centre's expansion, worth over $300m.
The project is expected to create 700 jobs during the construction phase, and 800 ongoing positions once it's completed.
The State Government has contributed $205m to the project, with private investors, Plenary Group and partners contributing more than $100m. Plenary Group is sponsor, investor and financial arranger for the upgrade.
The company was also sponsor, investor and financial arrange for the 2009 Melbourne Convention Centre development and is responsible for managing the asset under a 25-year design, build, finance and maintain contract.
Melbourne Convention & Exhibition Centre expansion render. Source: Hotel Management
The expansion includes a new four-star hotel boasting more than 300 rooms, which Plenary's development partner, Flagship Property Holdings is responsible for. Probuild has won the construct contract for the hotel, which will rise 20 storeys above a six-level carpark.
Plenary planned for this expansion during the design stage of the 2009 development and intentionally designed the South Wharf car park to accommodate large buildings above it.
The 20,000sqm expansion of the facility includes 9,000sqm of flexible expansion space, a 1,100-seat, multi-purpose facility and a gala banquet room with a 450-person capacity.
Tourism Minister John Eren said that the upgrade will see an annual increase of 74,000 international visitors coming to the convention centre, resulting in a $167m boost to the economy, benefiting both workers and the state.
Construction is expected to be completed in 2018.
Keep up to date with this project by subscribing to Felix Project News.
Source: Hotel Management, MCEC, ABC News
Related Articles
Ausdrill wins $300m mining services contract for West Africa gold mine
Ausdrill, a Perth-based drill and blast and exploration company, is the preferred proponent for a $300 million contract for mining services on Toro Gold’s Mako project in West Africa.
Canberra contractor wins $300m contract to build new government building
The contract to deliver a $300 million government office complex in Canberra has been awarded. From six shortlisted tenderers, Canberra-based company Capital Property Group (CPG) was chosen to transform the existing car park in Civic into a 20,000 square metre office building that will house at least 1,700 public servants by October 2020.
Builders called for $300m Western Sydney Stadium at Parramatta
The $300 million Western Sydney Stadium at Parramatta is one step closer, with the NSW Government inviting EOI's from the private sector to design and construct the new stadium.