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SBD Global/November 18, 2013/Facilities
St. Petersburg Awards Zenit Arena Contract To Builder That It Pulled Off Job
Published November 18, 2013
CHANGES WERE NECESSARY: The spokesperson added, "Due to the changes, the original contract no longer complied with what actually needed to be done, and working under it was more difficult day after day. We'll make all efforts to implement our contractual obligations related to the construction of Eastern Europe's biggest and most high-tech stadium." She denied reports in some Russian media that the project could result in losses for Transstroy. "We hope to complete the project without losses," she said. Zenit Arena, which is currently 45% complete, is expected to be finished in late '15. The project's total cost is estimated at 34.9B rubles ($1.1B).
Vladimir Kozlov is a writer in Moscow.