After two years since the announcement of the results of the international architectural competition, in which the Danish architectural studio Bjarke Ingels Group (BIG) won, a detailed architectural study of the Vltava Philharmonic has been completed. Its project team started the building approval process in July 2024 by submitting an Environmental Impact Assessment (EIA) application, which is now under review. The next step that the project team is working on is the preparation of permit documentation to meet the schedule with an anticipated start of construction in 2027.

Two years later, the construction costs for the project have also been updated by the Capital Region Commission. The cost of the project has been updated and the Prague City Council approved it at its meeting on 11 September 2024. The Council of the City of Prague took them into consideration on Monday 23 September 2024.

"As part of the completion of the detailed architectural study of the Vltava Philharmonic, the individual operational, structural, functional and technical solutions have been worked out in detail, the required additions to the premises have been made and the overall use of the building has been made more efficient. Even so, the volume of the building increased by 13 percent. Following this refinement and refinement, and in response to developments in the economy over the past two years, when the price level of building materials and construction work has changed, we have had the budget updated. The tender proposal in April 2022 assumed a project cost of CZK 9.4 billion. The cost estimate for the implementation of the building according to the detailed architectural study in September 2024 is at CZK 11.65 billion.This is an increase of 11.5 percent, which was accepted by the Prague City Commission for the construction of the Vltava Philharmonic and the Prague City Council in September 2024. The financing of the project will be multi-sourced and the most suitable solution is being worked on, " adds Martin Krupauer, head of the Vltava Philharmonic project team.

More information is available on the Vltava Philharmonic website.