Madrid: Real selects contractor, works to begin

source: StadiumDB.com

Madrid: Real selects contractor, works to begin With just one game left to play before the summer break, Real Madrid announced FCC Construcción as preferred bidder. Works will last 43 months, should begin within days.

Advertisement

On Wednesday Real Madrid announced the selection of main contractor for the long-awaited Santiago Bernabeu redevelopment. One of Spain's leading construction companies FCC Construcción has landed the contract.

Selection ends over half a year of tender proceedings. Back on October 30, 2018 Real invited nearly all major brands of the domestic market (aside of Dragados, for ethical reasons) to prepare their bids. Though FCC proved better than the likes of Ferrovial or Acciona, all participants were praised by the club for their professionalism.

Santiago Bernabeu

“The evaluation report carried out by the independent engineering company, Ayesa, contracted by the club, deemed the proposal put forward by FCC Construcción to be the most economically viable, and it was deemed to be the quickest way to carry the project out, as well as having a construction system in place that minimises any hindrance to the operating of the stadium and its surroundings.” club statement reads.

Santiago Bernabeu

The latter argument is one of the most challenging parts of the redevelopment. Throughout reconstruction Real is hoping to play home games at Bernabeu. Also, the team has assured supporters from around the world that museum, store and the iconic stadium's tours will be available during works.

First changes should become visible literally within days. After the last game (against Betis on May 18) dismantling of the roof will follow, this year's biggest change at Bernabeu. In total reconstruction should take 39 months, making the venue fully operable in August of 2022. Afterwards 4 more months will be required to complete the exterior.

Santiago Bernabeu

It's one more piece of great news from Real after years of the project having been deadlocked in disputes with opponents and authorities. Last month Real secured funding and agreed loans to cover the €525-million project.

Fixed rates should enable stable operation, while the additional revenue (projected to be as high as €150-million annually) will easily cover financing cost of some €25 million. Major non-matchday boost should be generated by inbuilt hotel, restaurants and retail outlets.

Santiago Bernabeu

Advertisement