Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

We'll build and finance Olympic stadium says Vinci

News

French contracting giant Vinci said last week that it would be keen to build London's Olympic stadium on a private finance basis.

It used a similar approach when it built the Stade de France in Paris for the 1998 World Cup.

Vinci also believes it could make the stadium a productive business after the games to meet the legacy ambitions of the Olympics bid.

'If asked we would love to do it, ' said Vinci Concessions chief executive David Azema.

Vinci built Stade De France in a consortium with Bouygues in three years, just in time for the World Cup. Work began after years of delay while the French government decided on a site for the stadium.

The private sector put up 53% of the £200M cost with government providing the remainder. Vinci now owns 67% of the private sector company which will operate the stadium until 2025.

Revenue from events is shared with the French government and Stade de France is in profit.

'We have a big incentive to find new uses for the stadium, ' said Azema. Football and rugby are played there but Stade de France, with its distinctive flying saucer roof, can also be reconfigured for athletics, horse racing, motorsport and concerts.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.