Built next to the Melbourne Exhibition Centre, the facility will have capacity for 5,000 delegates.
On completion in 2008 it will be the largest such venue in Australia with more than 28 ()OOm**= of floor space. The existing convention centre will remain open until 2010.
"Having both venues in the same area, supported by new hotels and entertainment facilities, will create a one-stop-shop meetings precinct in the city," said Melbourne Exhibition and Convention Centre European manager Janet Sealy.
The new centre has already secured the International Congress of Internal Medicine in 2010 for 4,000 delegates.