13 March 2015
A BAM consortium has said that Feyenoord’s new stadium cannot be built for the Dutch soccer club’s €206m (US$218m) budget. As a result, BAM and Feyenoord will no longer be cooperating on construction of the new stadium.
BAM has come to the conclusion that there is no possibility of carrying out the plans that Feyenoord Founders Consortium (BAM, AM and Siemens) had developed while remaining within the €206m (US$218m) maximum budget set by Feyenoord. The plan was developed based on the requirements specified by Feyenoord. BAM has budgeted construction activities at €215m (US$227m), excluding inflation.
“BAM would like to express its appreciation for the good cooperation with Feyenoord and especially for the constructive contributions from the municipality of Rotterdam and the supporters of Feyenoord,” said a statement. “BAM will remain prepared to offer Feyenoord its experience gained with the (re)construction of stadiums around the world in a new route to carry out the (re)construction plans of Feyenoord.”
René van Ierschot, president commissioner of Feyenoord’s De Kuip Stadium, said there is no plan B. “In the past few months we have been fully committed to develop this plan with BAM and spent no time on a plan B. That we will have to do now. It will still be a few months before it becomes clear which direction we want to go.”