Prague’s Vltava Philharmonic Gets Green Light – Construction Starts in 2027

The Vltava Philharmonic, set to rise near the Vltavská metro station on Prague’s C Line, will cost an estimated 16.53 billion crowns (excluding VAT), according to documents approved by city councilors on Monday.

This figure includes not only the construction of the concert hall itself but also infrastructure upgrades in the surrounding area.

To help finance the project, the city has also approved the creation of an endowment fund to collect private and institutional contributions.

The construction of the philharmonic is projected to cost 11.65 billion crowns, with work scheduled to begin in 2027 and completion expected by 2032.

Multi-Phase Investment Plan

The project will be divided into ten separate investments, managed by the city’s investment and transport departments along with the Prague Public Transport Company. Beyond the 11.65 billion crowns allocated for the concert hall, an additional one billion crowns has been earmarked to cover operational costs.

The remaining budget will fund transport and public space improvements, including upgrades to roads, the Vltava embankment, and Vltavská metro station.

The Bjarke Ingels Group, a Danish architectural firm, is responsible for designing the Philharmonic after winning an international competition. Developing the project documentation alone will cost one billion crowns before taxes.

Transforming the area around the Philharmonic will require significant investments. The planned public space enhancements are expected to cost 410 million crowns (excluding VAT).

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