MELBOURNE has beaten off intense competition from around Australia and New Zealand to land the rights to host the 2015 World Cup cricket final.

The official announcement will be made on Tuesday.

The coup will see millions of dollars poured into Victoria's economy with a tourism bonanza forecast. The match is one of the sporting world's biggest drawcards.

Victoria has seen off intense competition from across Australia and New Zealand to win the final.

Every major centre campaigned hard, well aware of the huge financial benefits of hosting the final.

It will also draw a massive TV audience - a billion fans worldwide are expected to tune in when the 'G hosts the match on March 28-29, 2015.

It hosted the final in 1992, the last time cricket's premier international tournament was played in Australasia.

Semi-finals were held in Sydney and Auckland then, and the same venues are expected to be unveiled with a formal announcement at Docklands by key federal and state ministers, International Cricket Council chief executive Dave Richardson and a host of former stars, including Test legends Dennis Lillee, Ian Chappell, Adam Gilchrist and Mike Hussey.

They will be joined by Australian one-day players George Bailey and Clint McKay as the centrepiece of the presentation. Foreign cricket aces including India's Kapil Dev and Sri Lanka's Sanath Jayasuriya will also be present.

Competition for other key matches generated strong bidding at state government level across the country, with major redevelopments in Sydney and Adelaide and the recently revamped Gabba now all capable of seating more than 40,000 fans.

Co-host New Zealand also put its case with Auckland's restructured Eden Park a contender.

There will be 49 matches over 44 days during February and March, with all venues and dates announced on Tuesday.

With 14 teams in the event, including some of world cricket's minnows, there will also be several matches in regional centres.

Two groups of seven will ensure each team plays at least six matches in the round robin stage, with the top four in each group going through to quarter finals before semi-finals and the final.

So big is the World Cup that Australia is hosting just four Test matches, against India, during the 2014-15 season to accommodate it.

This means that either Brisbane or Adelaide is likely miss out on a Test during the normal season, but all of the country's leading venues will be awarded a major World Cup fixture which will involve Australia.

The coup for Melbourne will come less than three months after AAMI Park hosts the opening ceremony and Australia's first match of soccer's Asian Cup.

The 1992 Cricket World Cup final was a spectacular event, attracting a then record one-day crowd of more than 87,000 to the MCG despite Australia's early departure from the tournament.

Pakistan, led by Imran Khan, defeated England by 22 runs to win its first world crown. Australia has won a record four World Cup tournaments, but India will be the defending champion.