Facilities management and construction firm, Carillion has been appointed as the preferred bidder for the expansion of Liverpool Football Club's main stand.
The project, which is subject to planning consent, is estimated to be worth in the region of £75m and expected to start later this year, taking 20 months to complete.
The proposal is set to increase the capacity at Liverpool's iconic Anfield stadium by more than 8,000 to 54,000. The remodelling of the main stand will constitute phase one of the redevelopment plan for the ground.
Capacity for the Anfield Road stand will rise by a further 4,000 as part of the second phase set to begin after 2016, which the club hopes can ensure it keeps up with rivals Manchester United in terms of match-day revenues.
In other news, Carillion announced it was on track to meet expectations for 2014. The firm has been awarded a host of contracts in the past two months including a £1.7bn deal to manage the UK government's military housing estate.