Subiaco-based Civcon Civil & Project Management has been awarded a $55 million contract as part of Golden Group’s $3.8 billion Belmont Park Racecourse development.
Under the 18-month contract, Civcon will complete upgrades to the roads, Graham Farmer Freeway off-ramps, and bike paths, along with a new vehicular bridge connecting the precinct to Victoria Park Drive.
Civcon will begin work today.
The Burswood Peninsula foreshore will also be redeveloped, including a new beach, boardwalk and restaurants.
Civcon completed works as part of the Elizabeth Quay redevelopment in 2015, and has also undertaken civil projects for the Perth City Link and Curtin University.
Stage one of the new foreshore is set for completion in early 2020.
“The tender for the development was selected based on Civcon Civil and Project Management’s expertise in successfully delivering technically complex scopes of work across Perth, including contributing to Elizabeth Quay, the Perth City Link and Curtin University, which makes it well placed to be a part of history in developing this iconic area of our city,” he said.
“The signing of this tender is a testament to the state government’s commitment to rebuilding WA’s economy.
“To see investment of this scale going forward is certainly a sign of recovery in the Perth property sector.”
Civcon director Khanh Nguyen said the project was a significant development for Perth.
The overall project will transform the peninsula into 4,500 residential apartments, office and retail space.
The first precinct of the development, which sits directly across from Optus Stadium, will involve the construction of 1,500 new apartments lining the Swan River with 6,000 square metres in supporting retail and 20,000sqm of commercial space.
A large-scale development at Belmont Park Racecourse has been on the cards since 2007, when Perth Racing flagged a residential and tourism precinct at the racecourse, with property investment and development company Golden Group buying into the project in 2013.