Billion-dollar investment and private capital firms will bid for the right to partner with the Tasmanian government and deliver the Macquarie Point precinct development — including a 23,000-seat roofed stadium — as part of a blockbuster public-private partnership agreement.

The government, in need of private capital to fund the precinct and stadium, will select a private partner as part of a competitive bid process — and one of the nation’s biggest private capital firms has confirmed to the ABC it will throw its hat in the ring.

The ABC can reveal Plenary Group, which was co-founded and chaired by Richmond football club president John O’Rourke, will bid for the right to deliver the broader Macquarie Point precinct, including the stadium.