The builders behind the Derby Arena have handed-over the venue to the city council today at a ceremony to mark the completion of the build.
A parade of cyclists and walkers made up of Derby's Podium Athletes and Olympic torch-bearer, Leon Taylor and led by Leader Ranjit Banwait, travelled from the new Park Bikeworks, along the riverside path to the Derby Arena.
The project was finished two months ahead of schedule and has been delivered ahead of time and on budget.
The venue is only the fifth in the country to offer a national standard 250m indoor cycling track and will also be home to a 5,000 capacity events venue.
It is expected to open in the new year.
Councillor Ranjit Banwait, leader of Derby city council, said: "Derby Arena is a very exciting development for Derby and we all watch its progress with excitement, this showcases our commitment to making Derby a city to be proud of and I want people to be proud of living here and for visitors to be excited about coming to Derby.
"The early handover of the building keeping us on track for opening in early 2015 is a great achievement and my congratulations go to all involved."
Bowmer & Kirkland Director, John Kirkland, said: "This truly has been a unique project for us all to be involved with and I am exceptionally proud of our staff who have delivered this iconic building for the people of Derby and the East Midlands in such a short space of time.
"We only started construction on the Arena in March 2013 and it has been a tremendous team effort by all concerned to get where we are today – handing over early and within budget.
"This building is a landmark for the city and we feel privileged to have been involved in its creation."
