Everton Football Club said it has signed an agreement with Laing O’Rourke which will see the contractor deliver the next and final phase of development of the club’s new stadium at Bramley-Moore Dock.
The new stadium is expected to cost in the region of £500 million.
A main construction contract will see Laing O’Rourke complete construction of the club’s new 52,888-capacity waterfront stadium, while “also providing Everton with greater certainty as to the cost of the remaining stages of the project.”
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.
Everton CEO Denise Barrett-Baxendale 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.”