Three new stadia would need to be built in Perth, Canberra and the Sydney suburb of Blacktown, while nine other venues would be renovated.
“The infrastructure investment will leave a legacy to all sporting codes in the nation before and after the FIFA World Cup for generations to come,” Football Federation Australia Chairman Frank Lowy said.
Australia’s infrastructure costs however are lower than the $4 billion rival bidder Qatar is primed to spend on new builds should it to host the tournament in 2022.
FIFA's 24-man executive committee will decide the hosts for the 2018 and 2022 World Cups in a vote this December. Japan, Qatar and South Korea are concentrating on bidding for 2022, believing Europe is favoured for 2018. Australia and the United States are bidding for either tournament, as are Spain/Portugal, Belgium/Netherlands, England and Russia.
