Cost and Timeframe
Construction is scheduled to commence March 2010 and is planned for completion by December 2010. This will be a ‘rolling construction’ to minimize disturbance to local businesses.
Costings
The total project cost has been estimated at $56.6m with allowance for additional escalation for construction. These construction estimates have been prepared by Rider Levett Bucknall. Rates current as at October 2008.
| Flinders Street (Central) Zone |
Cost $ |
| Demolish existing structures |
3,046,803 |
| Roads, footpaths, kerbs |
11,501,948 |
| Inground services |
2,108,990 |
| Street lighting |
2,191,576 |
| Structures |
6,326,350 |
| Furniture, signage |
2,385,560 |
| Landscaping |
1,573,552 |
| Roadsigns, signals, main roads |
730,525 |
| TOTAL Zone Estimated Costs |
29,865,304 |
| Waterfront Square |
Cost $ |
| Stokes area |
2,460,995 |
| Building and pavilion |
2,629,892 |
| Victoria Bridge area |
451,466 |
| Total |
5,542,353 |
| Flinders Street (East) |
Cost $ |
| Demolish existing structures |
232,003 |
| Roads footpaths kerbs |
254,223 |
| Inground services |
365,263 |
| Street Lighting |
1,278,420 |
| Structures |
745,136 |
| Furniture, signage |
1,083,735 |
| Landscaping |
1,297,778 |
| Roadsigns, signals |
Nil |
| Total |
5,256,558 |
| Risk Items |
Cost $ |
| Realistic and quantify able risk included |
|
| Ergon infrastructure upgrade |
2,922,102 |
| Latent conditions |
2,922,102 |
| Water and fire infrastructure |
1,534,101 |
| Total |
7,378,305 |
Items Excluded
- Flinders Steet West
- Existing building awning
- Existing building facade
- Individual shop entrances
- Tenant signage
- Contaminated soils
- Headworks and authority fees
- Land
| Margin and Adjustments Net Costs |
$48,042,520 |
| Preliminaries included |
|
| Builders Margin included |
|
| Professional Fees included |
|
| Art Built In 2% |
960,975 |
| Contigency (also see Risk Items) 10% |
4,900,971 |
| Escalation Allowance for 1 Year (excluding GST) 5% |
2,695,534 |
| Total Masterplan Cost Esitmate November 2009 (excluding GST) |
56,600,000 |
“… The planned revitalisation project would restore the community’s engagement with this historic area of their city and support investment in new shopping, dining and entertainment attractions.”
Steve Greenwood, Executive Director, Queensland Division Property Council of Australia
“… It is imperative that traffic is re-introduced to the current mall to provide better access and a visitor friendly streetscape. this will allow flinders plaza to achieve its great potential.”
Laurence Lancini, Managing Director, Lancini Group of Companies
For more information, please contact Planning and Economic Development.
top |
Flyover
Tuesday
Thursday