Everton Football Club has signed an agreement with Laing O'Rourke regarding development of the club's new stadium.
The Toffees have been working hard on plans for their new Bramley-Moore Dock ground.
The construction contract will see Laing O'Rourke work on the 52,888-capacity ground that is on the waterfront.
The news is confirmed by the club's official website, suggesting that the construction firm "will deliver a programme of works which includes the completion of any outstanding enabling works, the full construction of the stadium and public realm, and remedial works to the Grade II listed Hydraulic Tower, which will be brought back into public use."
Everton Chief Executive, Denise Barrett-Baxendale, said: "This is an important agreement at a crucial time for the Club and the stadium project. Our agreement with Laing O'Rourke follows on from last year's pre-contract services and enabling works agreements and brings clarity on the overall costs of our new stadium.
"We are now able to lock-in construction costs, while also benefiting from Laing O' Rourke's economies of scale in what is an ever-fluctuating marketplace.
"Mr Moshiri and the Board's commitment to the project remains unwavering and we've been delighted by the progress so far.
"Our new agreement signifies that we have the utmost confidence in Laing O'Rourke, who are using the very best digital engineering expertise and industry-leading knowledge of modern construction methods to bring our stadium vision to life."
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