The revitalisation of the iconic East Perth Power Station is another step closer, with Australian Capital Equity and the Minderoo Group jointly named as the preferred proponents to deliver the long-awaited project.
They were one of five shortlisted proponents arising from a competitive process that included Expressions of Interest and a Request for Detailed Proposal.
With an expected Stage 1 investment of $218 million over the next four years, the former industrial site will be transformed to accommodate a mix of new residential, commercial, recreational and tourism opportunities, breathing new life into the long neglected area and creating local jobs.
The project will celebrate the heritage of the power station building, provide public access for the community and ensure there are social and cultural benefits for all Western Australians.
The site is within walking distance of the East Perth train station and presents new housing opportunities with access to both public transport and the Swan River.
The project is expected to support 1,900 construction jobs and more than 1,300 operational jobs going forward.
In recognition of the cultural significance of the location for Whadjuk Noongar people, the development will be given a Noongar name - Koomba Kalark. This translates to 'the place of the big fire', a reference to the former power station.
Revitalisation of the power station building will be guided by DevelopmentWA's Kaart Koort Waarnginy (Head Heart Talking) Framework to culturally engage with the Whadjuk Noongar traditional owners.
The McGowan Government has committed $50 million to prepare the site for redevelopment.
As stated by Premier Mark McGowan:
"This announcement marks a significant milestone in the revitalisation of one of our iconic landmarks, the old East Perth Power Station.
"This kind of project has been talked about for years, and now it's finally coming to fruition.
"This project will create and support local Western Australian jobs and deliver a new, vibrant precinct on the banks of the Swan River that will become a prime destination for locals and tourists alike."
As stated by Lands Minister Ben Wyatt:
"Close to four decades after ceasing operations, the old East Perth Power Station is set to once again play an important role in our city as the heart of a thriving, modern, master-planned waterfront precinct.
"The mix of residential, social and tourism opportunities this project is expected to offer will support local jobs and transform the area into the CBD's eastern gateway.
"This development will also complement Perth's world-class Optus Stadium and the new Matagarup Bridge.
"Australian Capital Equity and Minderoo Group will now enter into an Exclusive Working Period with DevelopmentWA, to refine details of their joint proposal for the precinct."
As stated by Energy Minister Bill Johnston:
"This is an exciting step forward for the old East Perth Power Station.
"I'd like to thank Western Power who have the huge task of decommissioning the 66 kV switching yard, which will open up the entire site for redevelopment works."
