A landmark partnership between the ACT and Federal Labor Governments will deliver funding for a new Canberra Aquatic Centre and Canberra Convention and Entertainment Precinct.
The joint funding will deliver design and construction of the aquatic centre at Commonwealth Park and the detailed design and procurement and construction ready status for a new Convention and Entertainment Precinct in the CBD.
Together, these two projects represent the biggest investment in Canberra's civic and cultural infrastructure in more than a generation.
Labor is investing in infrastructure that our growing city needs: major projects that support economic growth, employment and liveability.
The ACT and Federal Labor Governments have committed $200 million to begin delivering a new National Convention and Entertainment Precinct and a new Canberra Aquatic Centre in Civic. This includes $31.1 million for planning and detailed design work for the Convention and Entertainment Precinct, progressing it to construction readiness, and $68.9 million for the design and construction of a modern aquatic centre in Commonwealth Park. The Albanese Government's $100 million investment will be matched by the ACT Government across this, and future, Territory Budgets.
Canberra's existing convention centre is at capacity and unable to meet future demand. A new, larger facility will allow Canberra to host more summits, conferences, entertainment and sporting events, supporting the ACT's visitor economy and growing jobs in tourism, hospitality and construction.
Chief Minister Andrew Barr said this investment demonstrates what can be achieved when the Territory and Federal Governments work together with a shared vision for Canberra's future.
"The new Canberra Aquatic Centre in Commonwealth Park, located next to the new light rail stops on Commonwealth Avenue, will provide a modern aquatic facility for the Territory and bring more people into the park," the Chief Minister said.
"It also unlocks the land needed to deliver the Convention and Entertainment Precinct, with a larger convention centre and an integrated 8,000 seat Entertainment Centre for live music, entertainment, and indoor sporting events."
"This precinct will enable Canberra's place on the live music touring circuit and as a destination for business events, growing our economy and creating more jobs.
"These investments reflect the ambition of the National Capital Investment Framework, developed in partnership with the Albanese Government. It sets out a clear, collaborative roadmap to deliver the infrastructure our national capital needs, now and into the future."
"We are proud to be working closely with the Federal Government to build infrastructure that will make Canberra a better place to live and to visit," said the Chief Minister.
The Government is also making major investments in Canberra's arts and cultural life. The Budget includes support for the delivery of the new Canberra Lyric Theatre that will enhance the Canberra Theatre Centre and attract more productions and touring shows to the capital.
Treasurer Chris Steel said the 2025–26 Budget reflects Labor's priorities and values, with investments designed to meet both current needs and long-term goals.
"This Budget continues to support the economic development of the city through investment in infrastructure fit for our national capital," Mr Steel said.
"These major city-shaping projects will stimulate economic growth, support major events and jobs, and help create a more vibrant city centre connected with mass-transit."
From transport to culture, from sport to economic development, Labor is delivering on our plan to build a better Canberra.
