China National Sports Group (CNSG), together with Beijing Capital Development Holding (Group) Co., Ltd., Beijing Urban Construction Group and Beijing Uni-Construction Group, have won the bid to construct the National Speed Skating Oval for the Beijing 2022 Olympics.

The Speed Skating Oval will be known as the Ice Ribbon, and will be one of the landmark buildings for Beijing 2022 and the only new venue to be constructed in Beijing. The proposed 1.42-billion-yuan project, with an area of 96,000 square meters, will be able to accommodate 12,000 spectators to watch ice skating, ice hockey and curling events during the 2022 Games.

It is the first time for China to adopt a Public-Private Partnership model in building a venue for an Olympic games. The bidding winner of the project is a consortium of four state-owned enterprises with extensive experience in sports facility construction, investment, financing and operation.

The Oval was designed by architectural firm Populous and is foreseen to be used as a public skating venue and for ice hockey clubs.

Source: CCTV

Proofread by William Logsdon