Three companies have been invited to submit tenders for the $125 million design and construct contract for the Eastern Plaza project as part of the $363 million Melbourne Park redevelopment.

The companies include Grocon, Bovis Lend Lease and Watpac, who were shortlisted from the field of nine who responded to the initial request for expressions of interest.

Construction will take place while Melbourne’s events precinct is in full operation. Once complete, the new Eastern Plaza will allow facilities to be moved from the western side of the park to make way for subsequent stages.

The Eastern Plaza is one of three parts to stage one of the Melbourne Park project and includes:

- eight new indoor tennis courts and 13 new outdoor courts

- warm up and warm down facilities for athletes

- an elevated plaza providing new public space and a new eastern entry to Hisense Arena

- a new landscaped entrance to Melbourne Park on Olympic Boulevard

- 1,000 car spaces and up to 30 bus parks over two levels

- upgraded western entry to Hisense Arena

- a pedestrian bridge over Olympic Boulevard completing a direct pedestrian link between the MCG, Melbourne Park and AAMI

Park Stage One is expected to be finished in 2015. The subsequent stages will be built over the next 15 years.