Vltava Philharmonic Hall project to cost CZK 16.53 billion

The planned construction of the Vltava Philharmonic Hall near the Vltavská C metro station and related modifications to the surrounding area will cost Prague CZK 16.53 billion excluding VAT, according to a document approved by Prague city councillors on Monday. The council also approved the establishment of an endowment fund to collect contributions for the construction of the Philharmonic Hall, which is expected to cost CZK 11.65 billion. Its construction should start in 2027 and finish five years later.