Turkish consortium offers lowest bid in Galatasaray stadium tender

Turkish consortium of Varyap-Uzunlar has offered the lowest bid in a tender to build Turkish sports club Galatasaray's new sports complex in Istanbul.

Turkish consortium offers lowest bid in Galatasaray stadium tender

Turkish consortium of Varyap-Uzunlar has offered the lowest bid in a tender to build Turkish sports club Galatasaray's new sports complex in Istanbul.

Competing with four other consortiums in the tender, Varyap-Uzunlar has offered 184 million TL (122.4 million USD), nine million lower than closest bid, to construct the new stadium which will replace the Ali Sami Yen Stadium, Turkey's Housing Administration (TOKI) said on Thursday.

Tender committee is expected to announce final decision on the offers as soon as possible, TOKI officials said.

In August 2007, the Eren Talu-Alke joint venture submitted the lowest bid and won the tender for construction of the Seyrantepe Sports Complex.

The foundation of the new sports complex was laid on December 13, 2007. The Eren Talu-Alke firm committed to build the complex within 24 months.

On July 2, TOKI annulled the contract with Eren Talu-Alke joint venture as the contractor had not fulfilled its obligations within the given period of time.

Galatasaray's stadium with a retractable roof panel will have a capacity to host 52,000 spectators, and is expected to cost about 130 million Euro. There will be a parking lot for a total of 4,500 vehicles, including a closed parking lot for 3,000 cars.

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Last Mod: 10 Eylül 2009, 18:03
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