The NSW Cabinet gave the green light on Thursday in a $2.3 billion package that includes the rebuilding of ANZ Stadium.

The Allianz Stadium redevelopment is expected to take three years and is set to commence at the end of the 2018 season.

In a world first, the stadium will operate in two modes – ‘Club Mode’ with a 30,000 capacity and ‘Championship Mode’ which will open the stadium to a 45,000 capacity.

“Not only do the Roosters – and the game of rugby league – boast a proud history at the SCG, it’s also pleasing that we are able to ensure that any dislocation to our members and stakeholders throughout the redevelopment is minimal, as our temporary home ground, the recently-renovated SCG, is located within the same precinct,” Roosters CEO Joe Kelly said.

“We welcome Thursday’s announcement by the NSW Government, which will ensure that Sydney Roosters members, corporate partners and supporters are provided with world-class facilities.

“This configuration will provide an unparalleled match day experience.”

The club said they would work closely with the NSW Government and SCG Trust to ensure that the common aim of the delivery of world-leading facilities for spectators, athletes and officials is achieved.

“The Sydney Roosters will continue to keep members, corporate partners and supporters updated throughout the redevelopment,” the club said.

“Throughout the redevelopment, Sydney Roosters Members will continue to have access to priority seating as part of their membership packages.”

Construction of ANZ Stadium is set to start in 2019 following the 2018 NRL Grand Final.