Campeonato Brasileiro Serie A football club Santos is pressing ahead with plans for a new stadium following a meeting with engineering company WTorre.
The meeting saw WTorre present adjustments to the initial stadium plan due to an increase in the price of raw materials.
WTorre is scheduled to make an official presentation of the project to Santos board members in November. If approved, the proposal will be discussed during a meeting of club members.
In August last year, Santos renewed a Memorandum of Understanding with WTorre to explore the possibility of a new 30,000-seat stadium. The São Paulo-based club currently plays at the 16,000-seat Estádio Vila Belmiro.
Santos signed an initial MoU with WTorre in September 2020. That agreement was only valid for one year and the latest MoU has seen the two parties continue discussions on a potential new stadium.
Following the latest meeting, Santos president Andres Rueda said: “It is a really lengthy, detailed process, and now it will depend on the board and, if approved at the shareholders’ meeting, we will continue with this project.”
WTorre oversaw the construction of Allianz Parque, home of São Paulo-based Palmeiras. The company’s Properties division also operates Allianz Parque, which opened in 2014.