The contract with Lend Lease, known as the project development contract, was signed in March 2010 after the developer won the $6 billion project. The members assigned to this project are Justice Boulton and Assistant President Sams. The Barangaroo South development site is Sydney`s largest development project since the 2000 Olympics and one of the largest waterfront regenerations currently underway worldwide. It is a 7.7 hectare plot of land in Millers Point, Sydney. The development will transform the old containerkai into a new waterfront financial district with commercial and residential buildings, as well as shops, restaurants, hotels and public places. The Barangaroo Delivery Authority`s chief executive, John Tabart, described the disagreement as “very serious”.