Queensland Performing Arts Centre (QPAC) has unveiled plans to build a new $150 million theatre with capacity to host an extra 300,000 visitors each year.

The Queensland Government has called for expressions of interest for a managing contractor to oversee the development of the 1500-seat theatre, which will be located in the heart of South Brisbane.

Premier Annastacia Palaszczuk said the call for EOI is an exciting milestone for the new theatre.

“The Palaszczuk Government’s commitment of $125 million to the new theatre at QPAC represents the largest investment in Queensland arts infrastructure since the Gallery of Modern Art,” she said.

“The new theatre will further boost our state’s cultural vibrancy, help Queensland attract bigger shows, more visitors, and showcase our unique local arts sector.

“This project is expected to support more than 100 jobs during design and construction and once built, QPAC will become Australia’s largest performing arts centre.”

EOI submissions will be assessed against evaluation criteria including relevant experience, capability, capacity and local benefits.

The successful managing contractor and principal design consultant will be announced later this year.