🏟️ Monumental renovations: River announce funding for new roof | OneFootball

Club Atlético River Plate has set a global milestone by securing international financing of USD 100 million for the expansion and roofing of the Mâs Monumental Stadium. This is the first time that organizations such as BID Invest and CAF have granted a loan of this magnitude to a non-profit civil association, validating the current management’s financial strength and transparency.

A World-Class Engineering Project

The project will be led by the German firm Schlaich Bergermann Partner (SBP), responsible for iconic stadiums such as the Santiago Bernabéu and the Allianz Arena. The project, under a “turnkey” contract, already has bids from leading companies like Techint and SACDE. The final cost will be announced before April 15, with an estimated completion time of 36 months.

Social and Educational Impact

Beyond football, the agreement establishes a Social Reinvestment Fund. 25% of the revenue generated by the project will be allocated to educational programs, scholarships, and community infrastructure. The loan, with a 10-year term and a three-year grace period, will be repaid with incremental income from the stadium, naming rights, and concerts, consolidating an unprecedented sustainable development model in the region.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.

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