Filling the floor at the Colosseum

The arena of Rome's Colosseum is set to be restored.

Italy has earmarked more than $30 million to rebuild the arena floor in the Colosseum where gladiators once fought wild beasts.

"A promise kept: the Colosseum will have its arena once more. Plan for reconstruction financed," Culture Minister Dario Franceschini said said on Twitter after announcing 18.5 million euros ($31.5 million) for a refurbishment which could see the ancient space host modern day cultural events.

In total, the cultural ministry approved 80 million euros worth of investments in the country's museums and heritage sites.

Of that, 18 million euros will go towards enlarging the Uffizi Gallery in Florence, while 5 million has been set aside for the Museum of Ancient ships in Pisa, where nine Roman cargo ships discovered in 1998 are set to go on display.

Franceschini said in December last year that he hoped to rebuild the wooden and sand floor in Rome's famous 2000-year-old monument, after it was removed by excavators in the late 19th century.

The idea is that the arena could be used once more to house events and perhaps even re-enactments of spectacular Roman-era shows, while the area below where the beasts, scenery and props were kept would be turned into a museum.

The biggest amphitheatre built during the Roman empire, the Colosseum stands 48.5m high. In Roman times, up to 80,000 spectators would throng there to see gladiator greats such as Carpophores - who reportedly defeated a bear, lion, leopard and rhinoceros in one battle - or cheer on mock sea battles held in the flooded arena.

It now welcomes over six million visitors a year. Long-delayed repairs, funded to the tune of 25 million euros by Italian billionaire Diego Della Valle, began in 2013 and are expected to be finished in early 2016.