Business Case

Project Proposal for the Delivery of the Public Realm and Inlet Project

(forming part of the Elizabeth Quay vision)

Date: 12 September 2013

Sponsor Name: Metropolitan Redevelopment Authority (MRA)

1.0 Introduction / Background

The Public Realm and Inlet Project (Project) forms part of the State Government’s Elizabeth Quay development masterplan for the Perth Waterfront on the Swan River. The State’s vision for the Elizabeth Quay urban waterfront precedent development is to reconnect the Swan River with the business and retail core of the Perth city by creating a vibrant and contemporary development on the riverfront land between Barrack and William Streets.

The State has established the Metropolitan Redevelopment Authority (MRA) and tasked it with the authority and responsibility for procuring and delivering the Project on behalf of the State. The Project is restricted to the construction of an artificial 2.7 hectare inlet on the current Esplanade Reserve Site and modifications to the surrounding environment including Barrack Square. The MRA proposes to engage other contractors to construct civic, commercial, residential, retail and cultural attractions around the realm and inlet. In excess of sixty per cent of the Project will be publicly accessible, including the inlet, with connection points being promenades and boardwalks.

The Project site covers approximately 10 hectares, framed by William Street to the west, The Esplanade to the north, Barrack Street and Barrack Square to the east and includes parts of the Swan River to the south (Site).

The Project is to be delivered pursuant to a two stage Managing Contractor Contract. During Stage One the Managing Contractor is required to undertake time critical packages of early work as well as design work, planning, procurement and management services. The key deliverable of Stage One is the Managing Contractor’s offer to construct and commission the Project for a Guaranteed Maximum Price (GMP)....