Turkish company Limak Construction is reportedly set to receive a €1m (£872,000/$1.1m) bonus after completing the first phase of the Camp Nou revamp project ahead of schedule.
Spanish newspaper Sport has reported that Limak’s contract with FC Barcelona includes penalties if the work is behind schedule, but also financial incentives if projects are carried out ahead of deadline.
Sport has reported that Limak completed demolition of the third tier at Barcelona’s Spotify Camp Nou three weeks ago and is therefore entitled to a bonus, which is said to be worth close to €1m. If Limak is late in delivering any phase of the project, it reportedly has to pay €1m per day.
The redevelopment of the Camp Nou is scheduled for completion in November 2024. Work officially started on the transformation back in March, with Barcelona spending the 2023-24 season at the Estadi Olímpic Lluís Companys while the work is carried out.
As a focal point of the wider Espai Barça infrastructure venture, the Camp Nou project will centre on an expansion of the stadium’s capacity from 98,000 to 105,000. The stadium will also be fully covered by a roof, while improvements to maximise its economic potential will be carried out, along with bringing the venue up to date in terms of innovation, technology, sustainability and accessibility.
Limak landed the contract to carry out the redevelopment of the Camp Nou back in January. Barcelona in February retained the services of Japanese architectural and engineering firm Nikken Sekkei for the project. Nikken Sekkei will serve as a ‘design guardian’ for the revamped stadium. The company, in conjunction with Pascual y Ausió Arquitectes, were the winners of the competition to design the new Camp Nou in 2016.
Last month, Barcelona secured final approvals for its revamp of the Camp Nou, with Barcelona City Council granting the main licence that will enable the club to complete remodelling work at the famous venue.
The licence gave Barcelona the go-ahead to press on with rebuilding work above and below ground as soon as possible.