The massive remodeling project of the estadio Santiago Bernabeu has been awarded to Spanish company FCC Construcción, the club has announced.
According to a club statement the proposal put forward from FCC Construcción was the “most economically viable, and it was deemed to be the quickest way to carry out the project”.
The plans for Spanish soccer side Real Madrid’s estadio Santiago Bernabeu include a complete overhaul of its exterior as well as the installation of a retractable roof, which is expected to cost in the region of €525m (US$618m).
“The open competition for constructors’ proposals started on October 30, 2018, when invitations were given out to all major Spanish construction companies, excluding Dragados, in line with the club’s code of ethics. Real Madrid would like to underline that all of the proposals presented showed great technical detail and competitive pricing,” read a club statement.
Due to the remodeling work having to be carried out without disrupting the club’s regular season games, the club opted for FCC Construcción’s proposal as it has a construction system in place that is said to minimize any hindrance to the operating of the stadium and its surroundings. The remodeling works will happen alongside the normal sporting calendar and the stadium’s usual activities.
The timeframe needed to remodel the estadio Santiago Bernabéu is 39 months, meaning it would be finished by August 2022, plus an additional four months needed to develop the stadium’s exterior.
The awarding of the estadio Santiago Bernabéu remodeling contract, along with the finalization of the financing agreed on April 12, means that work on the project can start immediately.