Three consortia of renowned stadium developers - responsible for projects including the London Olympic Stadium, Adelaide Oval and Singapore Sports Hub - have been shortlisted for the right to bid for the design and construction of the new 60,000 seat Perth Stadium.

The three consortia are WESTADIUM, led by Brookfield Financial and John Laing, Confidem led by Capella Capital and WestAdium led by Bouygues and Plenary Group.

The stadium will have an initial capacity of 60,000 seats, with provision for future expansion to 70,000 seats or more.

The New Perth Stadium is due to open in time for the start of the 2018 Australian Football League season.

Pre-construction site works will start in mid-2013 to prepare the site ready for construction works to start in late 2014.

Minister for state development in Western Australia Premier Colin Barnett said he was impressed with the world-class calibre and depth of the companies which had been shortlisted to progress to the Request for Proposal Stage for the Design, Build, Finance and Maintain (DBFM) contract.

"The consortia will now have the opportunity to work with Government on their detailed plans for the stadium and sports precinct to ensure they meet the State's requirements. Detailed, fully costed proposals will be submitted in November 2013."

Sport and recreation minister Terry Waldron said the stadium steering committee had been working closely with a range of user groups to work out what the public wanted.

"After extensive consultation with a range of sports groups, sports fans, the general public and other stakeholders, we are confident of providing the consortia with the best advice to ensure we get a world-class stadium."