THE South Australian Government has identified a preferred contractor to redevelop Adelaide Oval into a $535 million 50,000 capacity multi-purpose stadium.
Infrastructure Minister Patrick Conlon this week said Baulderstone has been chosen as a project partner following an "exhaustive" tender process.
Mr Conlon said the project team would use the next month to conclude discussions with Baulderstone with a view to officially awarding a contract in October. Upon completion of final negotiations, a contract recommendation will be made to State Cabinet.
The tender evaluation process, which included the services of an independent probity auditor, initially saw three bids shortlisted for delivery of the $535 million project.
The Adelaide Oval Redevelopment and Management Bill 2011, which provided the necessary approvals and certainty to build, operate and manage the stadium, was passed by State Parliament in late July.
Mr Conlon said the government is on target to commence construction at the end of the 2011-12 cricket season next March. It is expected to be ready in time for the 2014 football season.
"The redevelopment of Adelaide Oval will reunite footy and cricket at a 50,000 seat stadium featuring the best in design and offering the ultimate spectator experience," Mr Conlon said.
"While maintaining the unique features and atmosphere that have made it an iconic venue we will ensure Adelaide Oval takes its rightful place as a world-class sporting facility."
Adelaide Oval is a key part of the State Government's vision to revitalise the Riverbank Precinct.
A major component will be $394 million towards expanding the Convention Centre, improved pedestrian accessibility and a new pedestrian footbridge that will link the precinct with Adelaide Oval.