Search on for Fed Square East development ideas
The Victorian Coalition Government is exploring options to develop one of Melbourne’s missing links with Premier Denis Napthine today announcing that businesses will be invited to submit proposals to cover the rail lines at Federation Square East.
Dr Napthine said Major Projects Victoria would launch an open and public expressions of interest process on April 30 this year.
“The Victorian Coalition Government wants to harness the innovation and creativity of the private sector to look at the potential development of this landmark CBD site,” Dr Napthine said.
“This is an important site for Melbourne and Victoria with enormous potential to improve the links between the CBD and Yarra River.
“The Federation Square development was a game-changing project that totally transformed the way Victorians and tourists experience the city and we have a golden opportunity to build on that legacy at the Federation Square East site,” Dr Napthine said.
Minister for Major Projects David Hodgett said the Napthine Government would seek suggestions on the physical form and civic functionality of the site, as well as gauging its commercial viability, through feedback on:
– commercial structures
– ownership structures
– contractual structures
– the apportionment of risk, and
– costs and extent of any State contribution required.
“There are enormous challenges to developing this site, particularly the cost and complexity of constructing a deck over the rail lines,” Mr Hodgett said.
“At this stage our aim is to investigate what is possible and what level of interest there is in the site – no outcome is predetermined.
“The responses provided by the market will help us decide whether the project is viable and if there is sufficient appetite from the market for the Napthine Government to proceed further.
“The previous Labor Government claimed it was committed to developing this site but the concept it produced was neither costed nor budgeted, amounting to little more than a ‘thought bubble’,” Mr Hodgett said.
The Federation Square East site is bounded by Federation Square to the west, Flinders Street to the north, the Exhibition Street Extension to the east and Birrarung Marr to the south. The majority of the site is currently taken up by rail lines.
There is a total of 3.3 hectares of land included in the proposal, of which 2.3 hectares is located between the rail lines and one hectare is currently used for car parking and service roads.
Major Projects Victoria will release a Request for Industry Submissions for Federation Square East on Tuesday 30 April 2013. For more details please visit www.mpv.vic.gov.au