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TBC Bank Doubles Budget of Business Project

TBC Bank Doubles Budget of Business Project

Project of the biggest business centre of 2012 changes architecture, concept and investment volume.

President of TBC Group declares, that the new company is Dutch and it should be represented jointly with the project to the society by autumn. Mamuka Khazaradze talks about the former military quarter of Transcaucasia, where head office of TBC Bank has to move until September, 2014 before the change of the plan.

However, three winners: Andrius Ambrasas Architects, Architects of Invention and Dmark have been revealed in the contest in order to name author of the multi-function complex, which should be located in Tamarashvilis str., University str. turn, besides the Court. The contest envisaged cash prizes of 50 000, 30 000 and 10 000 GEL. However, the awarding ceremony took place but later, project terms, concept and budget had been changed.

Mamuka Khazaradze noted, that new green concept project of $70 million with innovative technologies will be presented. Initially he noted about the change of the concept. The budget of the previous budget has been $35-40 million. One of the winners of the 1st contest noted, that amended project is related to the decision to sustain the building, while conceptual complex will be built at the ruins of the quarter.