The contract for the new Bordeaux stadium was signed on 28 October 2011 by the city of Bordeaux, the Fayat Vinci consortium and the FC Girondins de Bordeaux football club. Lasting for a period of 30 years from the commissioning date, it covers the design, financing, construction, operation and maintenance of the 40,000 seat stadium.
Alain Juppé, the Mayor of Bordeaux, and Xavier Huillard, Chief Executive Officer of Vinci, the representative of the Stade Bordeaux Atlantique consortium associating Vinci Concessions and the Fayat Group,in the presence ofClément Fayat, President of Fayat, signed the partnership agreement for a period of 30 years from the commissioning of the facility, for the design, funding, construction, operation and maintenance of the new 40,000 seat Bordeaux stadium, to be used as a venue for the UEFA EURO 2016 tournament.
At the same time, the city and FC Girondins de Bordeaux, in the presence of its Chief Executive Officer Jean-Louis Triaud and Nicolas de Tavernost, representative of M6 - the club’s only shareholder - signed an agreement whereby the city will make the facility available to the club, which will thus contribute to funding the project by making an initial contribution of €20 million and then paying an annual rent of €3.8 million over 30 years.
An investment of €219 million
The Vinci Concessions-Fayat consortium, awarded the contract in July 2011, has secured the funding for the project, representing a total investment of €219 million. The funding consists of a long-term non-recourse debt of €114 million with a maximum maturity of 32 years and an equity contribution of €10 million divided equally between the two shareholders. It has been supplemented by a total subsidy of €75 million contributed by:
Vinci and Fayat have opted to use the Herzog & de Meuron international architectural agency, which designed the Allianz Arena in Munich and the Beijing Olympic Stadium. The new stadium, situated in the Bordeaux Lac district, will satisfy the UEFA (Union of European Football Associations) criteria for hosting the Euro 2016 tournament. It will stand out from other sporting venues due to its striking, almost square, form and will combine sober classicism and transparency with tall columns supporting the “bowl” of the stands.
A major project for SEG-Fayat, Razel and Castel et Fromaget
Construction will be carried out by a consortium of companies consisting of Vinci Construction France, the lead firm of the consortium, through its subsidiaries GTM Bâtiment Aquitaine-Limousin and Faure Silva, and by the Fayat Group, through its companies SEG-Fayat, Razel and Castel et Fromaget. The upkeep and maintenance of the stadium will be carried out by Vinci Facilities.
Stade Bordeaux Atlantique - the joint subsidiary of Vinci Concessions and Fayat SAS - , in partnership with the FC Girondins de Bordeaux football club, will be responsible for operating this multipurpose facility which will be capable of accommodating sporting, cultural, musical and corporate events. It will be remunerated in the form of an annual rent paid by the City and the revenues from activities other than the matches of FC Girondins de Bordeaux, the resident club. The aim is for the club’s use of the new stadium from the 2015-2016 season to generate the resources required to ensure its long-term competitiveness.