Argentinian Primera División football club River Plate has presented its project for the renovation of its El Monumental stadium, as it looks to transform the venue into the largest football facility in South America.
A presentation event held yesterday (Monday) was attended by River president Jorge Brito, general secretary Stefano Di Carlo and other club officials.
Brito confirmed that work on the project would begin once it has been approved in the Assembly of Partner Representatives. The presentation was made after River in November laid out its vision for the second stage of its redevelopment of El Monumental.
The second stage of work will see the stadium expand by a further 9,000 seats, taking its overall capacity to 81,000. The initial phase of renovation work, which is due to be completed this year, includes the installation of a new hybrid technology pitch, an improved irrigation system and a new players’ tunnel.
Di Carlo confirmed yesterday that the latest project includes two sources of financing: the naming and pre-sale of the new locations that will arise from the work.
The work will see fans move closer to the pitch, with significant improvements planned for the lower tiers of the stadium. There are also plans for 180 new boxes, 926 hospitality spaces, a 24/7 restaurant, three new parking levels and a new River Institute.
The second stage will comprise two phases. The first will include 17,157 new seats being fitted, with the second to centre on a new lower Belgrano grandstand and the replacement of 40,565 seats.
The second stage of the project will cost around $40m (£29.5m/€35m).
Image: Diego Haliasz / Prensa River