Client Agency:
Sydney Olympic Park Authority (SOPA)
Project Description:
The project involved the private sector:
- Financing, planning, designing, constructing and commissioning of the stadium in its Olympic configuration, seating 110,000 people
- Reconfiguring the Stadium after the Paralympics to seat at least 72,000 for AFL matches and 76,000 for Rugby League, Rugby Union and soccer games.
- Operating and maintaining the stadium until end of concession period.
Private Sector Partners:
Stadium Australia Group (SAG) which is owned by the Diversified Infrastructure Trust (DIT), in turn owned by ANZ bank (36.9%) and a range of superannuation funds (63.1%).
Project Details:
Contract value: $615.2million (Estimated Capital Cost at the time of the contract award)
Contract term: November 1996- 31 January 2031
Operation began: 1 March 1999
Project Variations:
20 Dec 1999
As part of the AFL and stadium “works facility” reconfiguration agreement the SOPA Loan Agreement was amended and restated to provide subordinated loans to fund the design and construction of the AFL Trustee Works (the SOPA AFL Facility) and reconfiguration of the Stadium seating from 110,00 people to at least 72,000 people.
1 July 2016
The NSW Government signed an agreement to acquire 100% of the outstanding shares in Stadium Australia Holdings Pty Limited. This business now retains the lease over ANZ Stadium until 31 January 2031.
ANZ Stadium is now owned by NSW Government via SOPA.
