Dragons reveals the costs of the new ECB headquarters in Frankfurt: 1300000000 … – The Messenger

The new headquarters of the European Central Bank, whose inauguration in March was “troubled” by violent protests, has cost the astronomical figure of 1 , 3 billion euro. He revealed the president of the Institute, Mario Draghi, in a letter of reply to an interpellation dell’eurodeputato Miguel Viegas, the Portuguese Communist Party. A value, the value, which is higher by more than 50% to 850 million envisaged total, even if it was a figure “at constant prices, 2005″, which therefore does not take into account the specific inflation on the costs of realization.

Ten years ago, in its annual report 2005 – that Draghi mentions in the letter – the ECB had reported that construction costs were estimated at 500 million euro, to which it was necessary to add other 350 million for various items ranging from the design to the purchase where the complex is built the facilities of the institution, the former general markets of Frankfurt (Grossmarkthalle).

At this investment from 850 million in 2005 prices, were joined by about 220 million related to the increase the prices of construction materials used and construction activities from 2005 to completion.

Draghi said that 100 to 150 million more were added due to “unexpected problems”. Among the more unexpected the relevant auction system for choosing the “contractor”, which did not yield the desired results and that it had to change, and the inadequacy of the foundations of the original structure to support the new complex, which was not revealed the initial findings but only later, and that required the necessary consolidations.

Finally, the ECB has had to increase to around 600 workstations provided (from 2,300 to 2,900) due to the increase of ‘organic linked to the new tasks of supervision of European banks. Hence the increased cost up to 1.3 billion.

 May 8, 2015 18:52 – Last Updated: 17:56

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