Construction of Arena Chișinău multifunctional sports complex is completed at 65%

Construction of Arena Chișinău multifunctional sports complex is completed at 65%

According to the Ministry of Economy and Infrastructure, capital facilities are ready at 90%, and finishing works - at 18%. Currently, about 70 workers are engaged in the construction of the complex. Arena Chișinău opening is scheduled for October 14. Let us recall that in August 2018 in Chisinau, a contract was signed between public and private partners on the implementation of this project. The private partner, engaged in the construction of the complex, is the Turkish company Summa Turizm Yatirimciliği Anonim Samirketi, and Sam Investment Company will be involved in the implementation of the project. In accordance with the contract, the private partner undertakes to provide design, financing, technical equipment and commissioning of the sports arena; create a multifunctional zone with a capacity of at least 4 thousand seats; to build a parking for 1 thousand places, a separate area for training and small events, a separate area for indoor water park, spa treatments and fitness, an Olympic swimming pool with stands for 500 spectators and at least 8 tennis courts, catering facilities, etc. For the implementation of the Arena Chișinău project, an area of 69.2224 hectares between Chisinau and Stauceni has been allocated, of which 10 hectares are intended directly for the construction of the arena and all agreed sports areas, parking, catering points, etc., and the remaining 59.2 hectares - to guarantee the state’s obligations in front of the private partner and for the future development of this zone. The entire land plot will be transferred to the balance of the state-owned Arena Națională. The total project cost is 43 million euros (excluding VAT). The private partner will return his investments at the expense of the revenues from the arena's operating activities and from the state budget for 12 years in equal tranches. It is worth noting that Summa turned out to be the only participant in the competition to select a private partner for the construction of the Arena Chisinau sports and entertainment complex. // 20.05.2019 - InfoMarket.

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