(CIA, Jan 7) Development company Finep's largest project at the moment is the construction of Zapadni Mesto (West City). It will be completed in 2012. It will also include City West, which will offer 50,000m2 of office space and the British Quarter, which will include 298 above-standard apartments, which will be completed this year. The first phase will also include the creation of the extensive Central Square with relaxation zones, which will be the centre of the entire Zapadni Mesto.

Following the completion of the British Quarter, a new residential complex, Rezidence City will be crated. All in all, the first phase will involve 100,000m2 of residential premises, 40,000m2 of housing premises and 75,000m2 of verdure. The total size in the first part of the project is 14ha.

(CIA, Jan 7) Developer Sekyra Group has the construction rights to 80 hectares of properties in Prague's broader core. They are the lots of the Zizkov cargo rail station, the Smichov terminal and Rohansky Ostrov island.
According to Sekyra Group's Chief Development Officer Leos Anderle, each of these territories will feature a new multifunctional ward, specifically block construction combining apartments, office and retail premises, incl. relevant transport infrastructure and civic facilities. Total investments should exceed CZK 60 bln. The implementation period is ca. 15 years. Sekyra Group expects to start building in late 2011/early 2012, given the ongoing project preparations.

(CIA, Jan 7) Developer Central Group currently owns properties for the construction of 10,000 apartments, which it plans to add to its offer within five years. They for example include the locality at the edge of Vysocany and Hloubetin, where roughly 208 new apartments will be built, as well as properties in Brandys nad Labem, where tens of family homes will be erected.

(CIA, Jan 11) Developer CPI Group is building multifunctional complexes called CPI City Centers throughout the Czech Republic. It commenced construction in Usti nad Labem in May. Its project in Olomouc is ready. The expansion of Hradec hotel Cernigov and Ceske Budejovice's Gomel are in the preparatory stage.
A Z-shaped four-storey building will be built in Usti nad Labem, offering totally 23,400m2 of utilisable area with background for retail and services on the ground floor and 5,700m2 of rental administrative premises on the upper floors. The readied plan for the CPI City Center Olomouc multifunctional complex includes the completely reconstructed Sigma hotel and two new structures.
The firm's plan is to always reconstruct the existing hotel, and then include into the Clarion four-star hotel chain in new design and quality with conference facilities. An office rental building will be built close to the hotel. Shops and services will have a supplementary function.

(CIA, Jan 12) French investor and hotel association CCEC has rented the Zelena Hora chateau in the village of Klaster for 60 years. According to mayor Josef Rota, the association wants to reconstruct the complex into a luxury hotel with a brewery and a lodging house. The municipality has been leading the rental contract talks for five years.

(CIA, Jan 13) Letiste Vodochody (LV), which is part of the Penta group, plans to invest CZK 3 bln into a new airport complex project. The company's general manager Martin Kacur stated at a press conference that the goal of the project is to use existing infrastructure and build a full-fledged international airport in Vodochody. According to him, the airport will contribute towards the creation of 3,000 new jobs directly in the region, bring new options for travelling, new destinations, cheaper fares and higher quality of air transport services.
The project is currently in the stage of processing of all relevant comments raised within the environmental impact assessment (EIA) phase. The firm expects to present the supplemented documentation for approval in H1 2010.

(CIA, Jan 13) The PPP - Public Private Partnership program has a number of faults according to a study published by Transparency International, primarily the non-conceptual definition of requested project outcomes, the issue of political responsibility, and the risk of hidden state indebtedness.
Most projects that were selected into the pilot programme in 2005 are still at the very beginning or have been cancelled, says TI. According to the director of Czech TI brand David Ondracka, PPP has been missing a quality concept since the beginning. According to him, the situation is typified by the problems with the construction of the D3 highway or the problems with the environmental supercontract. TIC proposes several solutions, such as assessment of the programme by external institutions.

(CIA, Jan 14) The Transport Ministry disagrees with Transparency International's (TI) position on PPP projects in transportation, presented on Wednesday January 13. TI criticised the ministry that the PPP project for the D3 highway has not progressed to the concessionaire selection phase yet, as there are important reasons for reviewing the project that had already been approved by the government.
The ministry argues that the progressing economic crisis has worsened the possibility of carrying the project out in the original extent, and the project thus had to be reduced. Issues related to plot buyouts also had to be tackled. This was done through the approval of the act on acceleration of the construction of transportation infrastructure in late 2009.