Everton FC has appointed Laing O’Rourke as the construction partner that will complete the development of the Premier League club’s new stadium at Bramley-Moore Dock.
A main construction contract will see Laing O’Rourke carry out the second and final phase of development of the 52,888-capacity waterfront stadium. Everton said the contract provides it with greater certainty as to the cost of the remaining stages of the project, which is due to be completed in 2024.
The deal follows on from the Pre-Contract Services Agreement (PCSA) signed by both parties in February 2021 and the Enabling Works Contract (EWC), which was focused on delivering the preparatory works at the North Liverpool site, including the in-filling of the dock that was completed in December.
Under the new agreement, Laing O’Rourke will deliver a programme of works which includes the completion of outstanding enabling works, the full construction of the stadium and public realm, and remedial works to the Grade II listed Hydraulic Tower, which will be brought back into public use.
Denise Barrett-Baxendale, Everton’s chief executive, said: “This is an important agreement at a crucial time for the club and the stadium project. Our agreement with Laing O’Rourke follows on from last year’s pre-contract services and enabling works agreements and brings clarity on the overall costs of our new stadium.
“We are now able to lock-in construction costs, while also benefiting from Laing O’ Rourke’s economies of scale in what is an ever-fluctuating marketplace.
“Mr Moshiri and the board’s commitment to the project remains unwavering and we’ve been delighted by the progress so far.
“Our new agreement signifies that we have the utmost confidence in Laing O’Rourke, who are using the very best digital engineering expertise and industry-leading knowledge of modern construction methods to bring our stadium vision to life.”
Construction work on the new stadium began in the summer of 2021, with progress made on site as non-listed structures have been demolished, heritage assets removed and preserved, the dock basin repaired and infilled, foundations laid and the concrete structure of four corners of Everton’s new home now starting to emerge from the ground.
Everton last month maintained its full commitment to the construction of its new stadium after the posting losses of more than £100m (€118m/$131.3m) for the third consecutive year. Everton reported a record turnover of £193.1m in 2020-21, compared to the previous year’s £185.8m.
In March, Metro Mayor of the Liverpool Region, Steve Rotheram, revealed that Everton no longer required a £30m loan from the Liverpool City Region Combined Authority (CA) to support the development of the new stadium.