The project will be procured under a design, build, finance and maintenance model, while the stadium, will be owned by the state government, which will fund the majority of the project.
Architects, Populous Design, won a state competition earlier this year for the rights to act as the architectural consultancy on the facility and has submitted its Project Definition Plan to the government, which confirmed that the stadium is now ready for procurement phase.
Located in Burswood, Perth, site works are expected to begin in mid-2013, with the stadium ready for operation at the start of the 2018 football season.