London 2012 turn to Team McAlpine

The company that built Arsenal's new ground is set to land the contract to build the main 80,000-seater stadium for the 2012 Olympic Games in London.

The Olympic Delivery Authority (ODA) said Team McAlpine was the only consortium it was talking to.

"We are entering negotiations with a world-class consortium. I am confident they will conclude successfully next year," said ODA chief David Higgins.

Arsenal's Emirates Stadium took two years to build and came in on budget.

Although exact details have not yet been agreed, the Olympic stadium is likely to cost between £300m and £400m.

Higgins said they would have cost controls in place to ensure there was no repeat of the fiasco of Wembley Stadium going over budget.

"We will deliver an outstanding venue for the Games - with a post-Games legacy of which the UK can be truly proud," he said.

"As you would expect, we have robust contingency plans in place should negotiations with Team McAlpine not conclude.

"We will also be putting in place appropriate cost controls to ensure that budgets are managed properly and that value for money is achieved."

The ODA said they had spoken to a number of other consortia, but the only submission which met their requirements was that of Team McAlpine.

The brief bidders were given was to come up with an 80,000-seat venue to host track and field events, and also the Games' opening and closing ceremonies.

Team McAlpine also built the Telstra Stadium, the main venue for the 2000 Sydney Olympics, and London's ExCel Exhibition Centre.

The future of the stadium after the Games is unclear. It may be used as eithr an athletics stadium or as a football ground.

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