Bristol City Council has confirmed the final contract price with Bouygues UK for the planned indoor arena to be built next to Temple Meads railway station.
The two finally agreed a deal for £79.5m for the 12,000 seat arena project. Bouygues estimates that around 90% of the project value will be subcontracted.
It marks a major coup for Bouygues in the south west after beating rival bids from BAM Construction, Buckingham Group, Laing O’Rourke and Sir Robert McAlpine.
International arena design team Populous together with Bath-based architects Feilden Clegg Bradley and engineering firm Buro Happold have developed plans for the innovative and flexible arena.
It will be financed by the council borrow £53m against its City Deal and raising the remaining balance from the arena operator and car parking income.
According to city council documents the Arena is now due to open in early 2018.
Via Construction Enquirer. View original article here.