Spain: Exact costs and final deadline for Nou Mestalla revealed
source: StadiumDB.com; author: Paulina Skóra
The executive project submitted by Valencia to the City Council last Friday has come to light. Over 4,000 pages detail the construction materials to be used and their costs. It even reveals the final deadline for when Nou Mestalla will become a reality.
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Costs have increased: the total investment will exceed €300 million!
Nou Mestalla will have a seating capacity of 70,044 and will feature a roof covering 100% of the seating areas, supported by tensioned cables. The roof, as stated in the project documentation obtained by AS, is described as undoubtedly the most technologically complex element of the building. Its construction, seemingly simple, resembles a veil draped over a series of vertical posts. Given its colossal size, approximately 40,000 m², the most advanced mathematical and engineering models were used to achieve the lightness and slenderness of the structural elements.
The budget for the executive project is approximately €200 million. The adjusted budget for the unfinished part would amount to €139.7 million, up from the €119 million initially estimated, with the total construction cost reaching €202.7 million. Including overheads and industrial profit, this rises to €241.2 million, excluding VAT. The overall cost also includes the €66 million already invested in materials for the concrete skeleton that has been standing at Avenida de las Cortes since 2009 when construction was halted. To this must be added what the club paid for the land, €23.3 million, and €25.6 million for the purchase of 32 plots in various districts. Thus, the total cost of Nou Mestalla will exceed €300 million.
The deadline is less than three years away, and Valencia still has much work ahead…
According to the documents, the final completion date for the stadium is July 11, 2027. In the coming weeks, Valencia CF will submit new documentation focusing on the aesthetic aspects of both the exterior and interior of the facility: the facade, seat colors, and similar details. The next step will be reaching a payment agreement with construction companies to resume work on January 12.
Before that, in December, Valencia plans to present a model of the stadium and all the details of the fan experience during each match. The executive project will also undergo an external audit, which has already been approved by the Government Board. This audit will assess whether Valencia's budget estimates for the project are in line with the market.
Papi Robles, spokesperson for the Compromís group, stated that the audit must be as thorough and rigorous as possible to determine the actual costs, not just Lima's estimates regarding Valencia’s majority shareholder, adding that if the work is left unfinished again, a full refund can be demanded.
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