The Port Said governorate has reportedly entered a proposal to the Egyptian government to develop a new sports stadium at a cost of EGP2bn (£99m/€109.6m/$120.7m).

The Daily News Egypt newspaper, citing a government source, said the proposal entered with the Ministry of Youth and Sports came in the wake of a study conducted by Diaa Consult. The proposal outlines how the stadium could be privately financed from the proceeds of the development of a large residential compound.

Two sites are currently said to be assessed for a stadium, along with a company to manage the project.

Opened in 1955, the infamous Port Said Stadium was the scene of Egypt’s worst sporting disaster in 2012 when more than 70 people died after rioting at a league game between hosts Al Masry and Al Ahly.

The stadium has since undergone renovations and while Al Masry was allowed to return last year, in March it was dropped as a venue for Egypt’s staging of the 2019 Africa Cup of Nations. The Daily News Egypt added that a committee has now completed work to determine the cost of work to further redevelop Port Said Stadium.

The committee has reportedly concluded that it will cost EGP400m to bring the venue up to international standards, in line with the work carried out at Cairo International Stadium, Air Force Stadium, Al-Salam Stadium, Ismailia Stadium, Suez Sport Stadium and Alexandria Stadium for the Cup of Nations.

Image: Al Masry SC