Barangaroo Precinct Development
The NSW Government recognised the opportunity to renew Barangaroo as a vibrant commercial and mixed-use precinct with significant foreshore parkland. This urban renewal created a new precinct for Sydney which reinforces the city’s competitive position within the Asia-Pacific region and for the future well-managed and sustainable growth of Australia’s premier global city.
The Barangaroo public domain is a key component of the Barangaroo project which helped reinforce its status as a world-class waterfront renewal precinct. The entire public domain and its relationship to the surrounds has helped position Barangaroo as a high quality mixed-use precinct with uninterrupted public access to Sydney Harbour.
TBH was retained by BDA to advise and assist with the delivery and time management requirements of the development on Sydney Harbour.
Barangaroo is a 22ha site characterised into three separate precincts:
- Barangaroo North – the $200 million Headland Park and Northern Cove, including enabling works, sandstone quarrying, marine wall, 500te of earthworks, temporary and permanent infrastructure, landscaping, carparking and multipurpose facility. TBH assisted BDA with delivery, staging, procurement, engineering ‘mass-haul’ and constructability planning, overall project programming including deterministic and stochastic delivery risk analysis and advice. TBH was also part of the tender review team for selecting the contractor for the project.
- Barangaroo Central – the community and recreation facilities. TBH assisted BDA with the overall project programming of the new Overseas Passenger Terminal at White Bay to facilitate the timely relocation of the existing Barangaroo Overseas Passenger Terminal.
- Barangaroo South – Southern Precinct was developed by the Stage 1 Developer, Lend Lease. This precinct included areas adjoining the CBD, Darling Harbour and the Southern Cove. It included the $6 billion commercial, hotel and residential precinct. TBH assisted BDA with cashflow reviews and independent and expert programme advice regarding the impact of changes to the project and project programming.
TBH further advised BDA on delivery benchmarking towards defining optimal delivery and timing options for the delivery of the new plant, as Shell became concerned with the delays incurred and the respective progress of works. TBH was engaged by Shell to undertake an independent assessment of the project status and Shell’s exposure to potential claims for additional time and cost by the EPC Contractor.
To find out more about TBH’s Strategic Advisory Services Capability expertise, please visit the Strategic Advisory Services Capability page.
|Client||Barangaroo Delivery Authority|
|Services||Strategic Advisory Services|