June 01, 2016 (Rio de Janeiro, Brazil) – On May 30, the city government in Rio de Janeiro cancelled its contract with the contractor building the Olympic velodrome reports Reuters. This move followed when the contractor, Rio-based Tecnosolo, filed for bankruptcy.

According to the city government it has engaged a subcontractor, Engetécnica, which has now taken over work on the velodrome, described as “88 percent completed” to date. Supposedly, this change will not affect the delivery date of the velodrome which it intended to be handed over to Olympic officials this month.

In late March construction delays forced the cancellation of the track test event originally scheduled for April 29-May 1 at the Rio 2016 Olympic Velodrome. Instead a two-day training period has been arranged from June 26-27 as a replacement to allow for a “quick test” of the venue. The velodrome is also apparently “the most delayed venue” at the Rio Olympics which take place Aug. 5-21.

Reuters report here.