Redevelopment of the existing Royal Adelaide Hospital site will generate more than $1 billion in private investment and sustain 1000 construction jobs for more than a decade, the South Australian government says.

The government has revealed its plans for the site which will take up to 15 years to fully transform. It includes handing back almost one third of the seven hectares to parklands as well as developing residential buildings alongside culture and university precincts. Once completed, more than 9300 people a…