about us | newsletter | contact | archive | members area
Marius Vacaroiu, Policolor
Tax changes have made us elaborate more budget impact assessments this year»

Five billion Euro eco-artery for Dambovita tabled

Bucharest’s Dambovita river from Parcul Izvor to Lacul Morii river could be witness to a green artery in an ambitious ten-year project from a consortium of local and international developers.

November 2009 - From the Print Edition

The 1,000 hectare riverside plans include an eco-park and technology museum around the ramshackle Lacul Morii.
Another park near the Parliament Palace could include an open air exhibition area and sport courts.
The zone currently contains developer River Invest’s Sema Parc project, which includes offices and a plan for malls and housing, as well as student dormitories, the city’s botanical gardens and run-down industrial platforms.
The developer of the ECO Bucuresti 2015 project is the architecture company Space Syntax in partnership with the German Research Institute and NGOs. The consortium is still looking for financing to start works on the project, which could cost up to five billion Euro.
“We could raise this money in five years or even sooner and then we can start the construction, which will last another five years,” Esenghul Abdul, the director of Space Syntax told The Diplomat.
One obstacle is that most of the land plots targeted by the project are private property and the developers will have to convince the owners to sell them at lower prices.
“Most of the land plots are owned by speculators who want to sell,” says Abdul, “not by people who live there and, considering the low number of transactions on the real estate market, I think they will be willing to negotiate.”

There are 0 comments:

Validation Code

0 Comments  |  10530 Views
Daily Info
AFI Europe Romania increased its net operating income by ten per cent to over 51 million Euro during 2017

AFI Europe Romania published its financial results. The Net Operating Income (NOI) from its income producing assets in Romania reached to over 51 million Euro in 2017, represe...

BRD to pay highest dividends in bank's history

BRD Groupe Societe General, the third-biggest lender in Romania, proposes a gross dividend per share of 1.64 RON from last year's net profit, the highest in the bank's history...

Uber to launch first food delivery service Eats in Bucharest

Uber will launch in the first food delivery service Eats in Bucharest and in 100 cities in Europe, Middle East and Africa, says the logistics head of Uber. In Bucharest the la...

DS Smith is looking for growth on the Romanian packaging market

DS Smith announced the completion of its 208 million Euro acquisition of EcoPack and EcoPaper, Romania. The acquisition significantly increases DS Smith's capacity to serve cu...

New brand identity for Radisson Hotel Group launches at IHIF

Carlson Rezidor Hotel Group announces its rebranding to Radisson Hotel Group, effective immediately, at the International Hotel Investment Forum (IHIF) in Berlin.





More on News
Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Dona...

1 Comment

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

1 Comment

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature ...


PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the governm...