CR Land-led consortium wins construction bid for Hangzhou Olympic Sports Center
A consortium led by Chinese Resources Land Limited (CR Land) has won the construction bid for the Hangzhou Olympic Sports Center construction project, according to recent local media reports. China Railway No.8 Engineering Group Co. Ltd. and Zhejiang Southeast Space Frame Group Co. Ltd. are the other partners of the consortium.
The center will be built by the three companies in a Public-Private-Partnership (PPP) mode and the total investment in the project will reportedly be over RMB 5.6 billion (about $850 million). The sports center will be operated by CR Land in a Build-Operate-Transfer (BOT) mode over the next 25 years.
Located in Hangzhou and covering an area of 580,000 square meters, the center is be prepared as one of the major venues for the 2022 Hangzhou Asian Games. The project will include an 18,000-seater stadium, a 6,000-seater swimming arena, a training center and a cycling center. Other event-related facilities such as the media center, the anti-doping research center and physical fitness center will also be featured in the complex.
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