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October 16, 2021
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Patriarchy to borrow EUR 200 M for National Cathedral

The Romanian Patriarchy will borrow approximately EUR 200 M from a bank in order to build the national cathedral, with the construction works set to start on August 15 after one of the seven projects still in the competition wins the tender, Ciprian Campineanul, Patriarchal Bishop that holds the office of locum tenens, stated on Thursday.


He said that 7 of the 10 companies that entered the competition three months ago are still in the race as of May 31, the rest having pulled out. “In order to eliminate any comments concerning the date on which the National Cathedral’s construction will start, the Patriarchy will start the construction works not with public funds, since no funds were earmarked this year, but with money from a loan,” Campineanul added. The Patriarchal Bishop added that offers from several commercial banks have been requested, however the negotiations will start only after the winning company and the project is chosen. Campineanul added the Romanian Patriarchy will pay back the loan from the donations made by the faithful, not from the state’s budget. The future cathedral will have a length of 120 meters, a width of 70 meters and a height of 120 meters. The construction will have 15 offices and 5,000 faithful will be able to attend the religious services there.

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