Chief Stadium Development Officer Colin Chong was giving a progress report on the project one year since main contractor Laing O’Rourke broke ground at the site on Bramley-Moore Dock.
Chong – who joined the club from O’Rourke – said: “Securing cost certainty was always a key strategy for the Board and the reasons for this have been amplified during the last year.
“We knew the riverside location was very sensitive in terms of weather impacts and developed the design that de-risked the project schedule.
“It was important our construction partner was involved in that process, and it has been beneficial that we began working with Laing O’Rourke long before work began on site.
“This has enabled us to refine the design for buildability, procure materials early and stick to the ambitious schedule we have developed.
“Despite these challenges I am pleased to report that one-year since we put the first spade in the ground we are on programme, on time and on budget.
“In the current geo-political and economic landscape, that is some achievement.”