Romanian Liga I football club Dinamo Bucharest has taken a step closer to work commencing on its new 33,000-capacity stadium after an agreement was reached over land ownership.

According to a statement released by Adrian Cefalan, director of investment at Romania’s National Investment Company, bureaucratic obstacles announced last month have been overcome with a contract signed with Dinamo to take over the central Bucharest location, which is currently a velodrome. The statement was accompanied by a new image on the Noul Stadion “Dinamo” Facebook profile.

In his statement, Cefalan said a preliminary study of preferability and feasibility is almost completed, although a number of important details must still be finalised. He added that details will soon be shared with potential architects and designers and expects them to develop plans as part of a tender process in the following three months.

Cefalan said Dinamo will announce the form, capacity and design of the stadium.

The National Investment Company plan says the new Dinamo stadium will have a capacity of approximately 33,000 seats, and the cost of the investment will amount to up to €100m. It is also estimated that the works will take between 18 and 24 months meaning it could open as soon as 2024.

The National Investment Company plan envisions the stadium to have VIP public spaces, including 12 lodges, hospitality space of at least 400 sqm, booths and restaurant spaces for spectators with disabilities, and fully covered grandstands.

The 15,000-capacity Stadionul Dinamo has been Dinamo’s home in the Ştefan cel Mare area of Bucharest since it opened in 1951. Dinamo has held games at Arena Națională in the past, the 55,600-seat stadium which ended up being Bucharest’s venue for Euro 2020 matches.