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November 22, 2024
PI Global Investments
Finance

Rome’s municipality will not contribute to financing of Roma’s new stadium


Roma continue to work on delivering their highly-anticipated new stadium project with the hopeful date of delivery of 2027.

The process for the construction of Roma’s new stadium in the Pietralata area continues unabated.

As reported by Calcio e Finanza, the construction of the Giallorossi facility will take place without any type of contribution from public money.

Although it is a project financing (compatible with the provision of public contributions up to a maximum of 49%), the Municipality of Rome will not financially support the creation of the new home of Roma fans.

The total investments for the construction of the stadium stand at €528 million, of which €360 million for works and safety, €128 million for available sums, and €40 million for construction contributions and concession fees.

For his part, Dan Friedkin, for the success of the project, involved two high-level financial institutions such as Bank of America and JPMorgan.



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