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Tod’s founder to restore Rome’s Colosseum

January 23, 2011 | Author: | Posted in International, Society

ROME – THE founder of Tod’s luxury leather goods and shoes announced on Friday that he will foot the 25 million euros (S$44 million) to restore the Colosseum.

The ancient Roman arena is blackened by pollution and rocked by vibrations from a nearby subway line.

Tod's founder to restore Rome's Colosseum

Officials accepted Diego Della Valle’s offer to sponsor the restoration. But Della Valle said he expected other entrepreneurs to also step in to help out as the project gets under way.

‘A monument that represents Italy in the world must be restored, and a company that represents Made in Italy stepped forward to say, ‘If you need us, we are here,” Della Valle told a press conference.

Work is expected to begin at the end of the year, after contract bids are closed, and will take up to two and a half years. The monument will remain open to tourists during the restoration.

‘It is the end of a nightmare,’ Rome Mayor Gianni Alemanno said. — AP


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