Nizhny Novgorod: state contract is signed

On December 22, 2014, the Ministry of Sports of the Russian Federation and PJSC Stroytransgaz signed a state contract for the execution of construction and installation works with regard to the construction of a 45,000-seat stadium in Nizhny Novgorod.

On the part of the Ministry the document was signed by Acting General Director of FGUP 'Sport-In" D.I.Popov. Contract Price - RUR 16, 756 bn. According to the contract, the works for stadium construction in Nizhny Novgorod shall be finished by December 25, 2017. The warranty period for the works,materials and structures makes up 60 months. Organizing Committee Russia-2018 or its subsidiaries shall provide for the construction oversight. The contract stipulates that PJSC Stroytransgaz shall adhere to the requirements of the Russian legislation, those of the Organizing Committee Russia-2018 and FIFA. As a a security for fulfilling its obligations, the contractor shall provide for the collateral security under the state contract  in the amount of 50% of the contract price.

The stadium in Nizhny Novgorod is designed for group matches, round of 1/8 and quarter-final matches, as well as other international level matches and Russian Football Championship. PJSC Stroytransgaz has been selected as a general contractor for stadium construction in Nizhny Novgorod as per Government Executive Order dated March 28, 2014.