Public and private sector join efforts to bring Karlin back to life
The Prague district of Karlin became one of the symbols of the devastating floods that hit the Czech Republic last August. In some parts of the district water levels reached the first floors of houses, destroying flats, street level offices and roads. The city of Prague, the Czech government and the private sector have now joined efforts to renovate and revitalise the district. As they say, they want to use the challenge of nature to make Karlin a beautiful and prosperous area
Karlin is still in need of extensive investment that has to be shared by both the public and private sector. The city of Prague and the Czech government have joined efforts with a consortium of private investors - called Investors for Prague 8 - in order to bring Karlin back to life and prosperity. The government, together with the city of Prague, have set out five priorities for the redevelopment of Karlin. Prague Mayor Pavel Bem:
The representatives of the public sector are aware that, to attract private investors, they need to create favourable conditions, prepare the infrastructure, take care of public spaces and, in the case of Karlin, make it a safe area for private investment. Minister for Regional Development Pavel Nemec:
"These investments have to be covered by the public sector. Private investors don't care whether the costs are covered by the city of Prague or the government. The state accepts its responsibility and the government and the Ministry for Regional Development will certainly not leave Prague and Karlin in the cold."
After suffering an ordeal last August and enduring the winter in provisional conditions, the district of Karlin now stands an unprecedented chance. From a once dirty industrial district - always in the shade of the beautiful city centre - it could change into a pretty and prosperous residential and commercial area that Prague can be proud of.