The new 60,000 seat Burswood stadium project will cost at least $1.2 billion by the time it is completed in 2018, the Barnett Government revealed today.
Contained in the stadium's project definition plan, a document that spells out detailed specifications for the stadium, the cost of the stadium and surrounding sports precinct is estimated at $760 million in 2011 figures.
However, this is expected to increase to $902.6 million in 2018 when taking into account building and construction inflation costs.
A $300 million indicative cost of transport infrastructure, including an upgrade to Belmont train station and a new footbridge from East Perth to the site, would be finalised in a separate plan released in December but could be expected to increase at a similar rate.
Revealing the PDP this afternoon, Premier Colin Barnett said the stadium and sports precinct would be developed using a Design-Build-Finance-Maintain Model whereby the private sector would design and construct the stadium, contribute finance to the project and remain responsible for long-term maintenance.
However, the Government would retain ownership and control of the asset, contributing an estimated 60 per cent of the capital cost, with management to be determined in the future.
Under the PDP, which Mr Barnett described as a "rule book" for the project, the stadium would have five levels and roof coverage extending over 85 per cent of spectator areas.
Seating would be for a capacity of 60,000, but up to 6000 seats would be "bumped-in" for rectangular sports games, bringing fans 15m to 20m closer to the action.
Briefing media on the project, Department of Sport and Recreation director-general Ron Alexander said the stadium would have a number of Australian firsts, including dugout-style, boundary-side corporate boxes known as "field clubs" and team branding through stadium lighting.
It would also be Australia's first fully integrated digital outdoor stadium.
Other "Australian-best" features included a range of seating options, biggest field video screens and the highest ratio of general admission female toilets, with 85 per cent of spectators covered by a roof.
A 250 car bay would be under the stadium for operations staff.
Mr Barnett said the stadium would offer the best spectator viewing of any facility in Australia and would be the city's "premier sporting and entertainment venue".
The plan, which will be the basis for the design and construct tender, does not include a retractable roof, which Mr Mann said was based on the view it was "not required" at this stage.
However, he said if a tender provided an alternative within the same budget it could not be ruled out.
Earlier this month Opposition Leader Mark McGowan said Labor would build the new stadium at Subiaco if it won the March election unless James Packer's Crown contributed $500 million to make Burswood worthwhile.
Mr Barnett said the proposed stadium, which was 38 per cent bigger than what was mooted in a 2007 stadium taskforce report, could not be built at Subiaco without needing to resume more houses.
He said such a decision would also result in a two-year delay to the stadium and require the PDP work to be redone.
However, Labor frontbencher Ken Travers disputed as "rubbish" that a Subiaco stadium would result in an inferior product and believed it would save taxpayers' $500 million.
Gillon McLachlan, chairman of the Joint Football Working Group comprising the WA Football Commission, AFL, Fremantle and West Coast football clubs, welcomed the release of the project definition plan.
"We are supportive of these recommendations and acknowledge the Government's work in progressing this plan," he said.
"These plans illustrate why this stadium is set to be one of the country's finest sporting facilities in providing the best possible fans first experience for every level of spectator.
"We look forward to further consultation with Government as the project moves into the next phase of planning."