Conclusion of an Agreement Regarding Construction of New Stands for “Daugava Stadium”

Today, an agreement regarding the reconstruction, renovation of utility networks and improvement of the territory of the stadium’s western stands between ““Daugava Stadium” Culture and Sports Centre” and “LNK INDUSTRIES Partnership” general partnership has been concluded. In accordance with the agreement, for a sum amounting to EUR 10 697 085.25 “LNK INDUSTRIES Partnership” will develop a construction project, execute construction works and carry out field supervision of the project.

In accordance with the concluded agreement, the construction works should be finished by the 15th of May 2018 – before the Latvian Song and Dance Festival, so that the number of seats for the audience will increase up to 10,000. It is planned to begin the construction works of the stadium in April of the next year, and until then the construction project will be developed.

“The agreement that was signed today is exceptionally important. Firstly, it provides the construction of very efficient stadium stands for both cultural and sports events. Secondly, this is the first design and construction agreement within the extensive “Daugava Stadium” renovation project, which eventually will be followed by design and construction works of other stadium’s structures in order to finish the construction of multifunctional structures of the cultural and sports block as intended – by year 2022. We are truly glad that six or seven years from now, festival participants, athletes, and people who live in Riga and Grizinkalns will be able to enjoy various sports or leisure events in a sports complex of a national importance on a daily basis,”  says Liga Lejina, State Secretary of the Ministry of Education and Science.

In accordance with the agreement concluded today, the stadium stands will be rebuild by constructing two side stands which will seamlessly surround the stadium’s central field. It is planned that suspended structure of the new stands will provide visitors a possibility to walk under the stands at ground level. This will significantly simplify execution of cultural and sports events. For example, thousands of the Song and Dance Festival participants will be able to promptly enter and exit the stadium’s central field, whereas the suspended stands will not hinder the visibility of the stadium, which is equally important for both cultural and sports events. The stands will also feature specially constructed seats for people with mobility impairment.

“The beginning of design and construction of the new stands is a very important step in the stadium’s development; however, it is worth noting that the requirements of the European Funds’ financing do not allow to postpone the construction of other planned facilities of cultural and sports block. This fall we will already announce a tender for the development of solution for advancement of the entire block’s territory, which will include the development of the block structures’ architectural and functional solutions, as well as spatial development vision for all new facilities of the block,” says Elmars Martinsons, Member of the Board of ““Daugava Stadium” Culture and Sports Centre”. “LNK INDUSTRIES Partnership” has obtained a right to implement this project based on the results of the tender, in which the offer of the construction enterprise was acknowledged as the most economically beneficial considering the following criteria: the lowest price, guarantee period and guarantee period insured value.

“We have a successful experience in construction and reconstruction of numerous public objects in Riga, and the enterprise undertakes to fully implement the project while complying with the highest quality standards. For our part, we will make every possible effort so that by the summer of year 2018, when the Latvian Song and Dance Festival is held, and by the 100-year anniversary of the Republic of Latvia, the capital could proudly host one more renovated cultural and sports events’ venue. We provide high quality, safety and responsibility during all stages of the construction process of all our objects,” emphasises Member of the Board of “LNK Industries” JSC Jevgeny Locov.

As it was reported previously, the stadium’s development solution provides that by year 2022 the following sports infrastructures will be constructed within the stadium: gymnastics arena for practices and competitions, natural grass football field, bobsleigh starting platform, gymnastics warm-up field for practices, gymnastics track for practices and competitions, track for cyclists and practices of team sports, which could be also used for fitness, bodybuilding and other sports, multifunctional hall for basketball practices and competitions, which could be also used for other team sports competitions,  ice rink for ice hockey, figure skating and curling practices and competitions. It is also planned to use the territory for the development of private investment objects, providing premises for a hotel for athletes, retail businesses, offices and such sports as wrestling, boxing, taekwondo, judo, etc.

The project is introduced by ““Daugava Stadium” Culture and Sports Centre” in collaboration with Riga City Local Government. The stadium’s renovation and construction of new facilities will be financed using available ERDF funds amounting to 40,191,396 euros, which will be supplemented by state co-financing amounting to 7,092,600 euros.

Project’s consultants - “Ernst & Young Baltic” LLC, have estimated that by year 2037 the stadium’s project will profit Latvian economy by 63 million euros. Project construction costs will also significantly affect the economy in a positive way.