Royal Adelaide Hospital third on a list of the world's expensive buildings!

[Jessica Berry]

A hospital in ADELAIDE is one of the world's most expensive buildings ahead of The Shard in London, the Burj Khalifa in Dubai... and just behind New York's One World Trade Centre

 

 

• Royal Adelaide Hospital third on a list of the world's expensive buildings
  
• It was beaten only by New York's One World Trade Centre and the Palace of Parliament in Bucharest, Romania
  
• The revamped hospital, currently under construction, will cost $2.7 billion
  

 

By Sarah Michael for Daily Mail Australia

 

Published: 16:50 EST, 19 March 2015 | Updated: 02:20 EST, 20 March 2015

 

33 View comments

 

An Adelaide hospital has been named the third most expensive building in the world, putting it ahead of glitzy skyscrapers in Dubai, London and Singapore.

 

The Royal Adelaide Hospital was named on a list of the world's most expensive buildings compiled by building data company Emporis, beaten only by New York's One World Trade Centre and the Palace of Parliament in Bucharest, Romania.

 

The revamped hospital, which is currently under construction, will cost a staggering $US2.1 billion ($A2.7 billion) compared with the One World Trade Centre which cost $US3.9 billion ($A5.04 billion) to build and the Palace of Parliament which cost $US3 billion ($A3.9 billion).

 

 

 

The New Royal Adelaide Hospital was named on a list of the world's most expensive buildings

 

 

The revamped hospital, currently under construction, will cost a staggering $US2.1 billion ($A2.7 billion)

 

 

The South Australian government said the State Budget would need to account for an extra $177 million in funding for the hospital in December last year

 

 

The 800-bed hospital due to open in April 2016 but an independent review has concluded the project won't be finished until the second half of that year

 

The top 10 was rounded out by Las Vegas resort The Palazzo and London's The Shard, both at $US1.9 billion, the Taipei 101 at $US1.76 billion, Dubai's Burj Khalifa (the tallest building in the world) at $US1.5 billion, Singapore's CapitaGreen at $US1.5 billion, Kyoto Station at $US1.25 billion and Hamburg's Elbphilharmonie at $US1.03 billion.

 

Another Adelaide building - Myer Centre – was the next Australian construction on the list at number 13, costing $US1 billion.

 

The next most expensive Australian buildings were Sydney's Chifley Tower at number 16, costing $US1 billion, and Sydney's ANZ Bank Centre, costing $US800 billion.

 

The list has been adjusted to take currency movements into account and considers both buildings under construction and existing buildings that were built after 1976.

 

Construction economics expert Timothy O'Leary said the Royal Adelaide Hospital would be the most expensive building ever built in South Australia.

 

Return of the Lower Manhattan skyline: WTC 1 time-lapse

 

 

The world's most expensive building is the One World Trade Centre in New York which cost $A5.04 billion

 

 

Second on the list was Romania's Palace of Parliament which cost $US3 billion ($A3.9 billion)

 

THE TEN MOST EXPENSIVE BUILDINGS AROUND THE WORLD

 

1. One World Trade Center, New York City - completed in 2014 for $US3.9 billion

2. Palace of the Parliament, Bucharest - completed in 1988 $US3 billion

3. Royal Adelaide Hospital, Adelaide - completed by 2016 for $US2.1 billion

4. The Palazzo, Las Vegas - completed in 2007 $US1.9 billion

5. The Shard, London - completed in 2013 for $US1.9 billion

6. Taipei 101, Taipei - completed in 2004 for $US1.76 billion

7. Burj Khalifa, Dubai - completed in 2010 for $US1.5 billion

8. CapitaGreen, Singapore - completed in 2014 for $US1.4 billion

9. Kyoto Station, Kyoto - completed in 1997 for $US1.25 billion

10. Elbphilharmonie, Hamburg - completed by 2016 for $US1.03 billion

 

'And it's the type of building that costs a lot of money – it's a number one hospital that will service the health needs of the state for decades to come,' said Mr O'Leary, from the University of South Australia.

 

'It's certainly a big deal for Adelaide because it's being funded by taxpayers.'

 

Mr O'Leary said it was difficult to assess costs of the project and how they would pay off in future.

 

'There's no way to know if it's value for money without comparing it to other similar projects,' he said.

 

'Probably what's missing from that list is there must be other big hospital projects in the pipeline around the world that are quite expensive.'

 

'The list does not seem to be comprehensive, as similarly priced hospitals such as the Gold Coast Hospital in Queensland and the Fiona Stanley Hospital in Western Australia have been omitted, as have other high profile buildings from around the world, such as the Westfield London shopping centre (cost approx. $3bn),' said a statement from South Australian Health.

 

'Upon completion the new Royal Adelaide Hospital will deliver state of the art care in one of the most advanced hospitals in the world,' the statement said.

 

Other recently built Australian hospitals missing from the list include the Fiona Stanley in Perth, which opened in 2014 and cost $A2 billion and the Gold Coast University Hospital which opened in 2013 and cost $A1.76 billion.

 

On Wednesday the former Gold Coast University Hospital project director was appointed temporary manager of the Adelaide project after program director Andrew Nielsen stepped down.

 

This comes after the South Australian government said the State Budget would need to account for an extra $177 million in funding in December last year.

 

 

The Palazzo - a luxury resort on the casino strip in Las Vegas - was completed in 2007 and cost $US1.9 billion

 

 

The Shard skyscraper in London was completed in 2013 for $US1.9 billion

 

The 800-bed hospital due to open in April 2016 but an independent review has concluded the project won't be finished until the second half of that year.

 

Mr O'Leary said cost blowouts were to be expected on any large project.

 

'Any billion dollar construction project is an extremely complex undertaking,' he said.

 

'Original estimates and budgets tend to blow out because of the complexity.'

 

The Shard: Amazing 360 degree views of the City of London

 

 

 

 

Dubai's Burj Khalifa is the tallest building in the world and cost $US1.5 billion to build

 

 

Another Adelaide building - Myer Centre – was the next Australian construction on the list at number 13

 

The next most expensive Australian buildings were Sydney's Chifley Tower at number 16, costing $US1 billion, and Sydney's ANZ Bank Centre (pictured), costing $US800 billion

 

Read more: http://www.dailymail.co.uk/news/article-3001952/A-hospital-ADELAIDE-one-world-s-expensive-buildings-ahead-Shard-London-Burj-Khalifa-Dubai-just-New-York-s-One-World-Trade-Centre.html#ixzz3Uvb15IEF

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Edited March 20, 2015 by Jessica Berry

[Toni]

No wonder the cuts in the Transforming Health policy, and proposed Uranium dump in South Australia which the Labor government were deadset against when they were in opposition. The government really needs the $$s.

[Jessica Berry]

I worked on a Government funded construction project in Adelaide, what an eye opener that was! My boss used to say to me "it's all smoke and mirrors"!

 

I always like to read the comments after these kinds of articles. You often get 'insiders' posting comments that give information that maybe isn't reported! This is one of the comments, I have no idea if the information is correct, but sure people working within the nursing/medical profession would know.

'It is only the most expensive as the current government cannot manage a budget. They allow cost over runs all the time. Developers profit from government incompetence. If an Adelaide city project goes well the Government take all the credit and if it goes badly they blame the Adelaide City Council. The new Hospital will have less beds and less departments that the existing RAH had 3 years ago. Currently the government are closing whole wards at old RAH hospital so that when the new RAH hospital opens the Government can say it has same number of beds as old hospital had as at 2015'.

 

[John Browning]

yep, I'm proud to live in a city that spends as much on a Public Hospital as other places spend on Casinos, Luxury Hotels and Apartments.

 

I'm also relieved to see that it is coming in at about the same cost as hospitals in Perth and The Gold Coast.

 

John B

[John Browning]

1)Hospitals are very expensive buildings.

 

2)The new hospital in Adelaide will be about the same cost as those in Perth and the Gold Coast.

 

3)What has the Adelaide City Council got to do with this?

 

John B