Western Australia's Premier Colin Barnett and Sport and Recreation Minister Terry Waldron on 17 July 2014 unveiled the winning stadium design for the new Perth Stadium and Sports Precinct at a special event on the Burswood Peninsula

Premier Colin Barnett stated:

I'm also particularly pleased to announce that the successful negotiations for this contract have confirmed that the capital cost of the stadium is around AU$40million less than what was originally budgeted. The winning design successfully meets the State's requirement for a world-class, multi-purpose stadium within a parkland setting, and does so with a uniquely Western Australian focus.

Recreation Minister Terry Waldron commented:

Seat sizes are generous and each one will have a cup holder; fans will enjoy access to more than 70 food and beverage outlets; and those requiring higher levels of access - such as people in wheelchairs - will be able to use designated seating platforms across all seating tiers. The technology provisions include 4G Wi-Fi coverage across the stadium and precinct, two giant 240sqm video screens - some of the biggest in the country - and a further 1,000 screens throughout the stadium.

The government of Western Australia and WESTADIUM will sign the contract to design, build, finance and maintain the  stadium project  in coming days.

WESTADIUM is a consortium is led by three key members, Brookfield Multiplex (design and construction), John Laing (equity investor and asset management) and Brookfield Johnson Controls (facilities management). The team was selected as preferred bidder in mid April this year.

The new Perth Stadium will be a world-class five-tiered stadium. It will have roof coverage over 85 per cent of its seats. The estimated investment for the project is AUS$700 million.

Physical pre-construction site works were completed about 5 months ago six weeks ahead of schedule. The site is now being left to settle under 740,000 tonnes of sand surcharge to ensure it is fully prepared for construction to begin at the end of 2014. The new Perth Stadium is scheduled to open in time for the start of the 2018 AFL season.