Construction of the new Sydney Football Stadium looks set to be delayed, with the NSW Government to miss its deadline for securing a builder for the controversial project.
The continues to negotiate with two bidders for the construction of the new $729 million stadium at Moore Park.
Construction companies Multiplex and John Holland are both seeking to secure the contract, with reports suggesting the NSW Government is aiming to announce the successful builder in the coming weeks.
In July, the NSW Government’s plans for the rebuilding of the stadium, known commercially as Allianz Stadium, hit a major impasse with Lendlease, the building firm announced last year as the firm that would both demolish and rebuild the facility, walking away from redevelopment.
In August, NSW Premier Gladys Berejiklian advised that the NSW Government had "until November" to appoint a new builder for the project.
Infrastructure NSW recently confirmed that negotiations with builders for contract to build the new venue were ongoing, with a spokesperson advising “a final decision to award the contract has not been made by (the NSW) Government, but is expected in the coming weeks.”
The decision to knock down and rebuild the Sydney Football Stadium at a cost of $729 million has been a long-running source of controversy for the NSW Government, amid considerable backlash from community groups as well as political rivals.
Back in July, the NSW Government said it had costed the demolition, or ‘stage one’ of the project, at $36.3 million, leaving nearly $693 million of the project's estimated $729 million overall cost for the ‘stage two’ construction on the new venue.
Sydney will be without a major rectangular stadium as of mid-2020 when ANZ Stadium closes for a major redevelopment. Major events such as the NRL Grand Final will be played at the Sydney Football Stadium during this period, while other events have been played around Sydney’s smaller venues.