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River Plate Awards $145 Million Monumental Expansion and Roof to Grupo ENG

The board's sign-off triggers a member assembly that would set up a May start for the largest phase of River's stadium overhaul.

Overview

  • River Plate said it awarded the Monumental expansion and full roof to Grupo ENG after a unanimous board vote approving the tender result.
  • The turnkey contract totals $145,085,227 before VAT and includes a new 360-degree tier and an integral roof that would take capacity to about 101,000.
  • The club ran the bid on SAP Ariba with Deloitte and SBP auditing, and six firms took part: Techint I&C, Sacde, Benito Roggio, GCDI, Grupo ENG, and Riva.
  • River said Grupo ENG’s offer outperformed the runner-up by 28% and the third by 86%, with the contractor carrying full responsibility for delivery.
  • Next steps call for an Extraordinary Assembly of member representatives, with work planned to begin in May and to advance during the 40-day World Cup pause.