Tasmania's parliament has passed a motion calling for the government to release updated cost estimates for the Hobart stadium amid rising construction expenses linked to the global fuel crisis.
A motion has passed parliament calling on the Tasmanian government to release updated cost estimates for the Hobart stadium. The Greens say rising global construction costs linked to the Middle East conflict could cause the stadium's $1.13 billion price estimate to blow out.
Tasmania's lower house has passed a motion calling for updated cost estimates for the Hobart stadium amid rising construction expenses linked to the global fuel crisis. The 23,000-seat, roofed stadium at Hobart's Macquarie Point was one of the AFL's key requirements for the Tasmania Devils to join the league.
"skyrocketing material costs and supply shortages" triggered by the Middle East conflict. Table any revised stadium construction cost estimates developed in response to the current fuel crisis.
"Few believe, I think, the $1.13 billion figure that Premier Rockcliff has named up in relation to this project," Mr Bayley told 936 ABC Hobart today. "A lot of people expected to go well beyond that — and that was before the conflict in the Middle East. " The cost of the project was estimated at $715 million in late 2022, but by late last year it was estimated at $1.13 billion.
He said the conflict's impact on fuel prices had led to significant increases in the cost of construction materials, including concrete, steel and PVC products.
"This is the opportunity for the government to be honest and transparent about the costs of the stadium. "And give the Tasmanian people — the people that are actually going to be paying for this project — full knowledge and full transparency about how much it will cost. "Infrastructure Minister Kerry Vincent was asked today whether the government would comply with the motion.
In response, Mr Vincent said: "That will be discussed, and the government always works through everything they possibly can.
"When the numbers are available, I'm sure the premier and the minister for Macquarie Point, Mr Abetz, will work through those. "Mr Vincent acknowledged that the Middle East conflict had affected global construction costs, but noted that contingencies had been put in place in relation to the stadium. Asked whether he could guarantee the stadium's cost would not rise above $1.13 billion, he declined to do so.
"Prices are what they are, and we need to work through that. Current estimate includes $150m in escalation costs The Macquarie Point Development Corporation is the statutory authority responsible for planning and delivering the stadium. In February, its chief executive, Anne Beach, provided parliament's Public Accounts Committee with an itemised breakdown of the stadium's $1.13 billion cost estimate.
One of two firms currently developing detailed designs for the stadium capped its spend at $875 million, which includes $375 million in capital costs, and the remainder in borrowings for the MPDC. Chinese government-owned firm in bid to build Hobart stadium
Macquarie Point Mac Point Hobart Afl Costs Parliament Jeremy Rockliff Vica Bayley
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