Partner chosen for US$1.34 billion Mixed-Use PPP project in Australia

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Partner chosen for US$1.34 billion Mixed-Use PPP project in Australia

Western Melbourne Group (WMG) has agreed to partnerships with YourLand Developments and Johnson Controls for the development of a stadium and mixed-use sports and recreation project in Australia.

The USD 1.34 billion mixed-use suburb, developed through a public-private partnership (PPP) with Wyndham City Council, features Western United as the sports partner, YourLand as the development partner, and Johnson Controls as the technology partner. The 15,000-seat stadium anchors a comprehensive development connecting sports, commercial, and residential precincts, including a 5,000-capacity second stadium, 900-plus residential units, and recreation-focused wetlands. Transforming 70 ha in Tarneit, the project delineates High-Performance Sports, Stadium, Residential, and Commercial and Mixed-Use Precincts.

WMG secures an AUD 50 million (USD 33.5 million) debt facility from Johnson Controls, while the remaining funding comes from the PPP agreement with Wyndham Council, YourLand, and private investors.

List of country news

Country news

  • December 19, 2023

    US$387.23 million Contract signed for extension of Light Rail Stage Project in Australia

    The Public Transport Association of Canberra (PTCBR) has signed contracts to build and operate the Light Rail Stage 2A Project in Australia.

    Read more
  • October 09, 2023

    Refinancing completed for USD969 million Schools PPP project in Australia

    Plenary Group has completed an AUD180 million (USD115 Million) refinancing of the Queensland Schools project in Australia.

    Read more
  • January 11, 2023

    Construction contract awarded for USD690 million Hospital PPP project in Australia

    The NSW Government has selected CPB Contractors, the construction company of the CIMIC Group to deliver the main works construction on the Nepean Hospital Redevelopment Stage 2 project in Australia.

     

    Read more
  • December 21, 2022

    RFP issued for USD396 million Hydrogen PPP project in Australia

    The Office of Hydrogen Power South Australia has launched a Request for Proposal (RfP) for the development of a green hydrogen production plant and power plant located in Whyalla City, South Australia.

     

     

    Read more
  • November 09, 2022

    Plenary to deliver USD390.71 million Health project in Australia

    Plenary Group has announced that UNSW Sydney contracted the Plenary Group-led Plenary Health consortium to deliver the AUD600 million (US$390.71 million) Health Translation Hub in Sydney, Australia.

     

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.