Investment in sports facilities of the stadium "Dynamo" achieved 20-22 billion rubles

VTB Bank invests in sports part of the stadium "Dynamo" Stadium itself-in Moscow, the Academy of sport and establish a hobby part without commercial real estate-about 20-22 billion rubles, told reporters on Thursday, Senior Vice President of VTB, Chairman of the Board of Directors of "VTB Arena" Andrei Peregudov.

He noted that about half of the previously planned investment in the entire project, taking into account the commercial part.

In December 2011, Peregudov told reporters that the entire volume of the investments in the reconstruction of the Central Stadium "Dynamo" and the construction of a multifunctional city centre and Academy sports "Dinamo" will amount to 1.5 billion.

"The return on the project-specific issue. A priori sports projects in the world practice is never recovered, "said Peregudov.

He also noted that the dosugovaya of the "Dynamo" will run for about 150-170 days a year, giving sufficient payback for the Bank.

Head of "VTB Arena" recalled that the 25% plus one share of the company is owned by the society "Dinamo", which would get a quarter of the profits from the use of the facilities of the stadium, including the commercial part.

He also added that today work began on the excavated and strengthened the walls of "Dynamo".

As hoped, harmonize the draft Peregudov reconstruction of the stadium and the construction of a multifunctional centre in Moscow to be completed by the summer of 2012.

Previously Peregudov reported that reconstruction "Dinamo" may complete before the scheduled dates in December 2015, rather than in 2016.

It is expected that building a large sports arena "Dinamo", retaining the historical framework of the stadium will be converted into modern usage, the stadium capacity will increase to 45 thousand spectators, and the functional areas of a football stadium will be implemented according to the technical requirements and recommendations of FIFA. The draft provided generic sports stadium accommodation rooms at 15 thousand spectators and sports and entertainment complex.

The total area of buildings in the compound, according to "VTB Arena" should be 71 thousand square meters, the height of the Central arena of the stadium reaches 65 meters.

Topic: "VTB Arena", "Dynamo", "Dinamo", FIFA