The Turkish and Italian governments have both pledged hundreds of millions of euros to stadium infrastructure as part of the two countries' respective Euro 2016 bids.

The Italian government is willing to invest €625 million ($875 million) in the renovation of stadiums, while Turkish prime minister Tayyip Erdogan has revealed that his country has signed financial guarantees totalling €920 million (US$1.28 billion) for the upgrade of its own venues.

The two countries are competing against France for the right to host the tournament, European soccer's flagship international competition.

Turkey's bid would see new stadiums built in Ankara, Izmir, Bursa, Konya, Eskisehir and Antalya, with improvements made to Galatasaray's Türk Telekom Arena, the Kayseri Kadir Has Stadium and the Atatürk Olympic Stadium in Istanbul.

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"From the very outset of the bidding process, we have obtained all necessary guarantees from the national government, host cities and other stakeholders," said Turkish Football Federation president Mahmut Özgener to the Press Association. "The constructive and successful process underlines the dedication of Turkey’s Prime Minister and his entire government to help host this major football event.

"I thank Prime Minister Erdogan, Sports Minister (Faruk Nafiz) Özak and the Government of Turkey for their vision and hands-on backing: this is the strongest asset of our bid and an example how an entire nation can pull together to get a major project done. It is also a reflection of the recent economic growth in Turkey."