The credit facility has two components, namely, a revolving financing for the expenses related to execution works, which saw combined uses in the amount of RON142.4 million, as well as guarantee facility for the obligations undertaken in the construction contract, with a utilization of RON10.9 million.
The stadium will host four football games of the UEFA Euro 2020, which will be held in the summer of 2021.
The new arena, with a capacity of 31,254 seats and a built area of 82,000 square meters, meets the UEFA requirements for the unfolding of sports competitions, hosting even rugby competitions.
The beneficiaries of the projects are the National Investment Company, during the period in which the investment is carried out, and the Ministry of National Defence, subsequently to the delivery of the project.
Constructii Erbasu was established in July 1990, as a Romanian-held company, and has 20 employees. Constructii Erbasu became a joint-stock company in 1991, while remaining a family business.