The Olympic Delivery Authority (ODA) has named the contractor that will be responsible for building the Basketball Arena for the London 2012 Games.

Paisley-based Barr Construction won the £58m contract to build the 12,000-seat stadium, which will be the third largest venue on the Olympic Park.

ODA chair John Armitt said: “The Basketball Arena is a significant venue for us as it will be the third largest venue on the Park and will be the largest temporary structure ever build for an Olympic and Paralympic Games.”

Olympic minister Tessa Jowell added: “This contract is an excellent example of how the benefits of the Games are spreading way beyond London. Just as Scottish athletes like Chris Hoy are a key part of Team GB, Scottish businesses like Barr Construction are playing a key role in building the Olympic Park.”

The arena will be built by Barr and then rented out to the ODA for the duration of the Games, after which it will be dismantled and removed from the site.

Sinclair Knight Merz, Wilkinson Eyre and KSS Design Group have been appointed to design the arena and detailed designs will be completed by October this year. Construction will begin in early 2010.