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YEREVAN, APRIL 3, ARMENPRESS:The Armenian Hrazdan Holding has hired a German construction firm to help carry out a large-scale repair of Hrazdan stadium. Tamara Sarkisian, a spokeswoman for the holding, told Armenpress that after the repair the stadium will conform with UEFA standards and will accommodate 50,000 people. She said although the stadium has annual routine maintenance but it was built 37 years ago and without a roof was not immune from corrosion. Under the takeover contract the owner of the stadium has to offer free services for all sporting and other events to be held at the stadium in the next 10 years. It has also to invest $2 million to upgrade the facility until 2010. The stadium was privatized in 2005.