What was Decmil's construction contract value for Harbour Esplanade's 2010–2011 redevelopment?
Harbour Esplanade is a waterfront street in Melbourne's Docklands district. Melbourne City Council and VicUrban commissioned Decmil to carry out the 2010–2011 streetscape redevelopment, including roadway and tram-reserve works, pedestrian and bicycle paths, services, paving and more than 200 mature Norfolk Island pines. Decmil reports AUD 9.2 million as its construction-only contract value and September 2011 completion. This is a contractor's package value for the esplanade redevelopment, not the original street-build cost, the overall Docklands programme or the separate Central Pier replacement.
Contract value
AUD 9.2 million
Approximately $9.49 million
Cost basis: 2011
The short answer
AUD 9.2 million
Decmil, the contractor, lists $9.2 million as the value of its construct-only contract for the Harbour Esplanade redevelopment completed in September 2011. This is interpreted as AUD under Decmil's reporting convention.
Cost evidence
Basis of the published figure
What the number includes
Cost scope
The amount covers Decmil's 2010–2011 streetscape construction package for Harbour Esplanade. It is not the original cost of the road, a total Docklands regeneration budget, or the separate Central Pier replacement.
Project record
Completed
Decmil2011
Project context
About Harbour Esplanade
The package reorganised the tram reserve and road, added pedestrian and cycle facilities and planted more than 200 mature Norfolk Island pines.
Reading the data
How to interpret the figure
Decmil directly reports a $9.2 million contract. The AUD currency interpretation follows its 2011 annual-report convention. The displayed nominal USD equivalent uses the World Bank's 2011 annual-average exchange rate, with no inflation adjustment.