A full tender for delivery of the Kai Tak Sports Park in Hong Kong is expected to be issued next summer.
Alastair Graham, Director KPMG Hong Kong, told delegates at the Stadia & Arena Asia Pacific 2016 conference and exhibition that the development of the sports facility is in line with the government’s objectives for sport in Hong Kong, covering community sport, elite sport and top-class events.
He said the site is on the old Kai Tak Airport which is a very important site for the people of Hong Kong, making it a really high profile project.
The current Design, Build and Operate scheme includes a 50,000-seat, retractable roofed stadium, a public sports ground with seats for at least 5,000 and an indoor arena with 10,000 seats. Offices and hotel accommodation will be procured under a separate contract.
In terms of timeline, the project is now going through the last two stages of financial approval. There is a penultimate stage which is ongoing at the moment. Assuming that is successful we will then go out to prequalify to consortium and we envisage the prequalification documents should be issued in the first quarter of next year, in January or February.
At the same time the project will go through the final stage of full approval for financing. Once that full approval is given, which is envisaged to be in the middle of next year (July/August) we will then go out to those bidders who have prequalified for the full tender.
The tender process will not happen until the full financial package is agreed by government.
He added that during 2016 a two-month programme of public engagement has been carried out.