The Glasgow 2014 Commonwealth Games, which began at Celtic Park on 23 June, required an investment of around £769 million, providing a major boost to Scotland’s construction sector, according to data specialist Barbour ABI. Following the Games, a further £50 million worth of regeneration work is also in the pipeline.
Data complied by Barbour ABI revealed that the Games generated around £769 million worth of construction contracts. Around £100 million was spent to upgrade Glasgow’s sports infrastructure, while £217 million was invested in the Emirates Arena (including the Sir Chris Hoy Velodrome) and the SEE Hydro National Arena. The 35-hectare Athlete’s Village, built by the City Legacy Consortium, required an investment of some £300 million. The consortium, which included Cruden Estates, Mactaggart Mickel and WH Malcolm, built accommodation for 6500 athletes and officials. Following the Games, the accommodation will be retrofitted into 300 private homes, 400 properties for housing associations and a 120-bed care home.
According to Vaughan Hart, Managing Director of the Scottish Building Federation, the value of the Scottish construction sector increased by £1 billion during 2013. Contracts related to the Games provided a positive contribution to this increase in construction activity.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/europe-cis/25072014/commonwealth-games-boosts-scottish-construction-sector-173/