Client Agency:
Sydney Olympic Park Authority (which took over from Olympic Coordination Authority (OCA) on 17-Jul-2001)
Project Description:
The project involved the private sector:
- Planning, designing, financing and constructing the Olympic village to provide accommodation for 15,300 competitors and team officials during the Olympic Games and accommodation for 7,500 competitors and officials during the Paralympic Games;
- Fitting out the village before the Olympics;
- Carrying out the reinstatement work on the Olympic village after the Paralympics;
- Marketing and selling the reconfigured Olympic village properties, sharing the net proceeds between the private consortium and Government in accordance with the agreement; and
- Planning, designing, financing, constructing, marketing and selling non-Olympic developments in the village.
Private Sector Partners:
Mirvac Lend Lease Village Consortium comprises of Mirvac Limited, Lend Lease Corporation Limited, Civil & Civic Pty Limited, Australia and New Zealand (ANZ) Banking Group Limited and Westpac Banking Corporation.
Project Details:
Contract value: $590 million (Estimated Total Cost at the time of the contract award)
Contract signed: 17-Apr-1997
