The Western Australian government has confirmed that the $217.5 million Perth Park racetrack project at Burswood Park is on track with no accelerating costs, according to the 2026 state budget documents released today.
Budget Confirms No Cost Overruns
The budget papers show that the project's estimated cost remains unchanged at $217.5 million, with no additional funding required. This comes as a relief after concerns about potential budget blowouts on major infrastructure projects in the state.
Treasurer Rita Saffioti stated that the project is being managed efficiently and within its allocated budget. She emphasized that the government is committed to delivering the racetrack without burdening taxpayers with extra costs.
Project Details and Timeline
The Perth Park racetrack is a key component of the Burswood Park redevelopment, aimed at boosting tourism and local economy. The project includes a state-of-the-art racing facility, upgraded amenities, and improved public spaces.
- Total budget: $217.5 million
- Location: Burswood Park, Perth
- Expected completion: 2027
The budget also allocates funds for ongoing maintenance and operational readiness. The government expects the project to create hundreds of jobs during construction and long-term employment opportunities once operational.
Community and Economic Impact
Local businesses and community groups have welcomed the budget confirmation. The racetrack is expected to attract major events, boosting tourism and hospitality sectors. The project aligns with the state's broader strategy to diversify the economy beyond mining resources.
However, some environmental groups have raised concerns about the impact on Burswood Park's green spaces. The government has assured that environmental assessments have been conducted and mitigation measures are in place.
Budget Overview for 2026
The 2026 state budget also outlines other infrastructure spending, including transport and health projects. The government maintains a surplus forecast, supported by strong iron ore royalties and GST revenue.
Opposition leader Shane Love criticized the government for overspending on other projects but acknowledged the racetrack's budget discipline. He called for more transparency in project management.
Overall, the Perth Park racetrack project remains a highlight of the government's infrastructure agenda, with no signs of cost escalation.
