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February 9, 2023

The Patriarchy Palace building to be restored with more than EUR 15 M

The construction company Aedificia Carpati will provide works of restoration and consolidation of the Patriarchy Palace in Bucharest in a contract worth RON 67.7 million (EUR 15.2 million), VAT included. The restoration, consolidation and protection works for this monument were ordered by the Romanian Patriarchy in mid-February, according to the announcement published on www.e-licitatie.ro. The contract was initially estimated at RON 64.2 million without VAT and was won following an open tender for which 13 bids were submitted, only two of which admitted. The works will be funded through the Regional Operational Programme. The building of the Patriarchy Palace was built in the early 20th century, on the site of the former Deputies Assembly on Metropolitan Church Hill. Aedificia Carpati, one of the major constructors in Bucharest, is owned by Petre Badea and concluded 2012 with a turnover of RON 154 million and a profit of RON 24 million.

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