The site of the new stadium at Moore Park is a pile of rubble. Picture: Jonathan Ng
The site of the new stadium at Moore Park is a pile of rubble. Picture: Jonathan Ng

Hole in ground: Sydney stadium project blows out by $100m

THE cost of the new Sydney Football Stadium - currently just a massive hole in the ground - will be at least $99 million higher than originally planned, the NSW Government has admitted.

Construction giant John Holland was on Wednesday morning confirmed as the new contractor for the Moore Park stadium's construction, after Lendlease walked away from the beleaguered project in July.

Lendlease had originally been earmarked for both the stadium's demolition and reconstruction, but performed only the former role - knocking down the old stadium in the midst of a state election in March.

However, by July, the NSW Government confirmed that Lendlease was not able to complete the stadium's rebuild on time or on budget.

On Wednesday morning, the government revealed it had awarded a $735 million contract to John Holland for the stadium build, scheduled for completion in 2022 ahead of the 2022 NRL grand final.

NSW Opposition Leader Jodi McKay has accused the Premier of lying. Picture: AAP Image/Joel Carrett
NSW Opposition Leader Jodi McKay has accused the Premier of lying. Picture: AAP Image/Joel Carrett

That would lift the total estimated cost for the new stadium to $828 million - almost $100 million higher than the Government's initial $729 million budget.

"While the estimated total cost for this build is higher than what we originally anticipated, it is much better value than what we would have achieved had we not gone back to the market," Premier Gladys Berejiklian said in a statement.

"It is important to deliver the world-class stadium we promised to attract the best events to our state."

NSW Labor has blasted the Government's handling of the project, with Opposition Leader Jodi McKay accusing the Premier of "lying" about a "signature election commitment".

The stadium is now estimated to cost $828 million.
The stadium is now estimated to cost $828 million.

"She not only lied that she had a construction contract sorted when she didn't, she also broke a promise the stadium would be on time and on budget," Ms McKay wrote on Twitter.

"(The) demolition in Sydney that shouldn't even have happened when we have bushfires, drought and underfunded hospitals, schools, TAFE. She has a lot of explaining to do."

The Coalition government came under scrutiny in July after it revealed the offer from Lendlease to rebuild the stadium did not meet its expectations.

The project has blown out by $100 million. Picture: Jonathan Ng
The project has blown out by $100 million. Picture: Jonathan Ng
  Ms Berejiklian admitted there had never been a construction contract in place despite previous announcements Lendlease was "the construction contractor".

Demolition of the old Sydney Football Stadium will be completed by the end of the year. NSW Planning Minister Rob Stokes says the rebuild has received planning approval.

The rebuild was one of NSW Premier Gladys Berejiklian’s key election pledges. Picture: AAP Image/Bianca De Marchi
The rebuild was one of NSW Premier Gladys Berejiklian’s key election pledges. Picture: AAP Image/Bianca De Marchi

Ms Berejiklian admitted there had never been a construction contract in place despite previous announcements Lendlease was "the construction contractor".

Demolition of the old Sydney Football Stadium will be completed by the end of the year. NSW Planning Minister Rob Stokes says the rebuild has received planning approval.

 
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