November 21, 2017

Esplanada Complex Near Piata Unirii, For Almost 1 Billion Euros

On Wednesday, the government has announced the projects that will be completed through public-private partnerships. The Ministry of Regional Development was approved three in Bucharest: the Esplanada Complex, the Danube – Bucharest Canal and the Eco district in Ghencea. Esplanada is a complex of office buildings, hotels and residential blocks that will be built on 10 hectares of land near the Unirea mall of Bucharest. The project has been initially estimated at a price tag of one billion euros, but later Premier Boc announced it will only cost 800-900 million euros. After 2004, authorities awarded the project to the Trigranit company and signed a public-private partnership (PPP) contract, which however ended without result in 2009.

Source of the news: Bucharest Herald (Read More)

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