Perth Waterfront 2011

The long over-due Perth foreshore project get on with a huge anticipation from The Premier Colin Barnett.

Premier Colin Barnett announced Cabinet has approved $270 million funding for the project.

Detailed design plans for the much anticipated redevelopment of Perth Waterfront were released.

The construction timeframe is a tight 30 months, with total development costs to the Government of $440 million.

The Government, which will not develop the commercial buildings but sell lots to the private sector, expects to recoup about $170 million in land sales, leaving a net project cost to taxpayers of $270 million.