Bouygues UK has secured a contract from Bristol City Council to build the £90m ($129.7m) Bristol Arena next to Temple Meads railway station in Bristol, UK.

The company won the contract after outbidding firms including BAM Construction, Sir Robert McAlpine, Laing O’Rourke and Buckingham Group.

The project has been designed by Populous in association with Bath-based architects Feilden Clegg Bradley. Aecom has been selected as the project’s cost consultant and employer’s agent.

The new indoor arena will be located in the Allies & Morrison-masterplanned Bristol Temple Quarter Enterprise Zone. Plans for the 12,000-seat venue were submitted to the council in early December.

Expected to open in 2018, the facility will feature an amphitheatre, performance area and outdoor seating.

The project will be funded by the council borrowing £53m against its City Deal, while the remaining £38m will be raised from the arena operator and car parking income.