Brisbane's 2032 Olympic Stadium Builder Announced

A consortium comprising BESIX Watpac and John Holland has been selected as the sole bidder to progress to the final stage of contract negotiations for the construction of Brisbane's 2032 Olympic stadium.

The new 63,000-seat stadium will be built at Victoria Park, a site handed over to the Games Independent Infrastructure and Coordination Authority in June, with earthworks currently underway ahead of the 2032 Olympic and Paralympic Games.

Together, BESIX Watpac and John Holland have delivered a range of stadiums, including Lang Park, the Gabba, Melbourne's Docklands stadium, and Penrith Stadium.

The contract process for the stadium began in October last year, and the consortium will now work with the stadium's design team to finalize details and construction methodology.

GIICA chief executive Simon Crooks said the early contract process had been comprehensive.

"We are satisfied that the process has delivered the best possible contractor for this second and final phase," Mr Crooks said.

The stadium is expected to cost around $3.6 billion, forming part of the $7.1 billion infrastructure plan for the 2032 Games.

Contracts are set to be finalized in the new year, with construction slated to begin in 2027.

After the Games, the stadium is set to become the home ground for the Brisbane Lions AFL team, cricket's Brisbane Heat, and Queensland Bulls.

Olympics Minister Tim Mander said while negotiations are continuing, it is an important and exciting step forward.

"Now it is just a matter of trying to nut out the contracts so we can make sure there are no cost blowouts," he said.

Premier David Crisafulli said he had never revealed the budget for individual projects, with details to be released when finished.

"It is about making sure we deliver the Games work within our agreements with the federal government for $7.1 billion and we are going to do that," he said.

"We respect people's money and I pride myself on that, but equally we are going to build something world-class."

"The negotiations that have been able to be done fill me with confidence that we will deliver it on time and on budget and all the progress that we are making is pointing in the right direction."

Mr Crisafulli said there was more work to do before the contract was awarded.

"They have got to continue to show value for money and the ability to build a quality product for the state, that is important," he said.

The site at Victoria Park has been the target of ongoing protests against the development of the stadium, which peaked earlier this year with the arrest of several activists who opposed its construction at the site due to cultural and historic ties.