Czech Railways will pay the Italian developer Grandi Stazioni 565 million crowns (EUR 20.9 million) in compensation for the money invested in the reconstruction of the Main Railway Station in Prague. The developer is demanding 765 million crowns (EUR 28.3 million) in compensation, but Czech Railways says Grandi Stazioni has not produced evidence the extra 200 million were actually invested.
Grandi Stazioni lost its 30-year lease of the station in October of this year after repeatedly failing to meet the reconstruction deadline. The Czech Railway Infrastructure Administration rejected the company’s request for another two-year extension and asked Grandi Stazioni to vacate the premises.
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