South Australian premier Steven Marshall has committed $79 million in the state budget to Adelaide’s Riverbank Arena as part of a record $17.9-billion infrastructure spend.
Marshall’s government has pinned its economic recovery to a construction jobs boom.
“We are locking in a significant pipeline of job-creating infrastructure projects that will transform communities and improve lives across the state as we chart our path out of the pandemic,” Marshall said.
A pre-election commitment to build a $662-million, 15,000 person arena has gained momentum with the funding commitment for early site works and the construction of a tunnel under Morphett Street.
Marshall said construction would start in 2025-26 and should be completed in 2028.
“This new city arena will help cement Adelaide as one of the most liveable cities in the world,” he said.
“We will transform what is currently under-utilised land next to Morphett Street Bridge into a 15,000-person multi-purpose arena, which will be a world-class events and entertainment space for large concerts, a new home for basketball, netball and tennis in the heart of the city, and an increased exhibition space to attract larger conventions.
“This project will increase city vibrancy and provide a huge boost to the economy and local jobs as part of our economic recovery plan.”
The arena would replace the Adelaide Entertainment Centre and be integrated with the Adelaide Convention Centre.
The business case for the project indicated it would create 2059 jobs during the construction phase and a further 345 jobs once operational.
More than $20 million was also earmarked for the ongoing development of innovation hub Lot Fourteen to enable Renewal SA to continue to refurbish the Eleanor Harrald and Hanson buildings at Lot Fourteen.
This initiative will enable the establishment of industry capability centres, including the Space Industry Capability Centre in the Hanson building and the South Australian Industry Collaboration Centre in the Eleanor Harrald building.
Almost $50 million was committed to a new South Australian Sports Institute at Mile End, to replace the ageing facilities at Kidman Park, to be completed in 2023.
A new Women’s and Children’s Hospital, next to the existing Royal Adelaide Hospital on North Terrace, will be delivered with the government investing $1.95 billion over the next four years.
A further $84 million will be spent over three years to build a new 1200-place high school on the Norwood Morialta High School Rostrevor campus.
Premier Steven Marshall said more South Australians were employed than ever before and thousands of local jobs would be created and supported by the state’s record infrastructure spend.
“Our budget for a stronger South Australia is creating jobs, building what matters and delivering better services to further secure our growing global reputation as one of the safest and most attractive places in the world to live, work and raise a family,” he said.