The state is investing CZK 1 billion in the revitalization of ​​the former Letňa Avia area

by   CIJ News iDesk III
2022-07-22   23:00

The state is investing more than CZK 1 billion in the rehabilitation and revitalization of the premises of the former Avia company in Prague's Letňany. In the procurement procedure, he selected the association of companies AVE CZ, Getech and Ekomonitor to carry out the rehabilitation. The winning association AVIA 21 will collaborate on the project with the owner of the object, Odien Real Estate, which will cover a significant part of the costs. Work on the site could begin next spring. This was stated yesterday by the ministry and companies in a joint report.

After the revitalization of the land after former automobile and aircraft manufacturing, an urban district will be created on the site, including civic amenities, employment opportunities and plenty of greenery, it was announced.

"The state in Letňany is investing over a billion crowns in the revitalization of a large brownfield. In this way, we are fulfilling the decision imposed by the Czech Environmental Inspection as well as the contractual obligation to the land owner. The revitalization will make the now closed and dilapidated territory accessible again and meaningful development," said Deputy Minister of Finance Roman Binder.

According to Odien Group CEO Michael Saran, the Avia City project covers an area comparable to half of Malá Strana, which deserves an extraordinary approach. "We want to invest approximately six billion crowns in revitalizing the area and building the necessary new infrastructure, and we believe that the finances and our efforts will contribute to the modernization of the entire Letňany," he said.

The contract, which regulates the rules of rehabilitation, entered into force in July 2022, and the preparation of the formal processing of the project immediately began. "We assume that the implementation project documentation will be completed by the end of this year so that the actual work can begin in the spring of 2023," added Radek Halbich, director of rehabilitation at AVE.

Due to the size of the rehabilitated area and the scope of the required work, this is one of the largest environmental contracts awarded by the state in history.

Odien purchased the Avia truck manufacturing site in 2004 and sold the vehicle manufacturing to Indian truck and bus manufacturer Ashok Leyland of the Hinduja Group in October 2006.

Source: CTK