LHF and "Multihalle" sign contract on construction of ice hockey arena in Riga
The Latvian Ice Hockey Federation (LHF) and "Multihalle Ltd." yesterday signed a contract on construction of a multifunctional ice hockey arena in Riga, LHF President Kirovs Lipmans told LETA.
The Latvian Ice Hockey Federation (LHF) and "Multihalle Ltd." yesterday signed a contract on construction of a multifunctional ice hockey arena in Riga, LHF President Kirovs Lipmans told LETA.
Construction of the arena is to begin in June 2003, it is to be opened on August 1, 2005. The arena will be located on Skanstes Street.
Lipmans also hopes for the government's backing. The matter was discussed during Lipmans' meeting with Deputy Prime Minister Ainars Slesers yesterday. Lipmans was confident after the meeting that the government would support the project, because the 2006 championship would be an extraordinary event that would popularize Latvia worldwide.
The agreement was signed at 8:45 p.m. yesterday, LHF press secretary Laila Millere told LETA. Lipmans is satisfied that a difficult and complicated stage in the work on the project has ended, the contract will guarantee that the hockey championship will be held in Riga, he said.
As reported, LHF and "Multihalle" several times postponed signing the contract required for launching construction of the ice hockey arena. November 11, "Multihalle" shareholders decided they would not sign a contract, that was already signed by Lipmans, saying some of its conditions were unacceptable. The company worked out a contract of its own, and submitted it to LHF. LHF and "Multihalle's" consultations about the contract's conditions continued.
"Metala buvju sistemas Ltd." (MBS) manager Janis Brinkmanis previously told LETA that another contract between investors representing MBS and "Multihalle" could be signed in the near future. "Multihalle" will be responsible for technical cooperation with Riga City Council and LHF, but MBS representatives - for financial investments, he said. "Multihalle" would construct the arena, while MBS - other buildings in the complex.
The project of "Multihalle" and the Finnish company "JHC Arena Holding Oy Ltd." initially stipulated construction of an arena with 12,000 seats. The costs were estimated at EUR 30-35 million.
Brinkmanis pointed out that approximate investment in the project would be USD 250-300 million. MBS is represented by the Swiss and British investors' group.
As reported, the contract between LHF and the companies was to be signed initially by October 1.
Dace Karklina LETA
Copyright © LETA
Construction of the arena is to begin in June 2003, it is to be opened on August 1, 2005. The arena will be located on Skanstes Street.
Lipmans also hopes for the government's backing. The matter was discussed during Lipmans' meeting with Deputy Prime Minister Ainars Slesers yesterday. Lipmans was confident after the meeting that the government would support the project, because the 2006 championship would be an extraordinary event that would popularize Latvia worldwide.
The agreement was signed at 8:45 p.m. yesterday, LHF press secretary Laila Millere told LETA. Lipmans is satisfied that a difficult and complicated stage in the work on the project has ended, the contract will guarantee that the hockey championship will be held in Riga, he said.
As reported, LHF and "Multihalle" several times postponed signing the contract required for launching construction of the ice hockey arena. November 11, "Multihalle" shareholders decided they would not sign a contract, that was already signed by Lipmans, saying some of its conditions were unacceptable. The company worked out a contract of its own, and submitted it to LHF. LHF and "Multihalle's" consultations about the contract's conditions continued.
"Metala buvju sistemas Ltd." (MBS) manager Janis Brinkmanis previously told LETA that another contract between investors representing MBS and "Multihalle" could be signed in the near future. "Multihalle" will be responsible for technical cooperation with Riga City Council and LHF, but MBS representatives - for financial investments, he said. "Multihalle" would construct the arena, while MBS - other buildings in the complex.
The project of "Multihalle" and the Finnish company "JHC Arena Holding Oy Ltd." initially stipulated construction of an arena with 12,000 seats. The costs were estimated at EUR 30-35 million.
Brinkmanis pointed out that approximate investment in the project would be USD 250-300 million. MBS is represented by the Swiss and British investors' group.
As reported, the contract between LHF and the companies was to be signed initially by October 1.
Dace Karklina LETA
Copyright © LETA