City and Hochtief agree key points of realignment
The City of Hamburg and Hochtief have concluded key points for a realignment of the continuation of the Elbphilharmonie project. The key points concern the realignment of planning responsibilities, a schedule for completion, and the agreement of arbitration proceedings between the City of Hamburg and Hochtief.
Hochtief will upgrade the hall roof and complete it, as well as the façade, within a year. The previous conflict concerning the hall roof has been resolved by way of the agreement on expert monitoring.
As a further key aspect of the realignment, Hochtief and the general partner Herzog & de Meuron will complete the outstanding planning and integrate it into an overall plan. This applies in particular to technical building equipment. The City will have access to and provide support for the planning processes. Hochtief and Herzog & de Meuron will complete all of the plans within a year. The building will be completed in full 24 months after the end of the planning phase.
This constructive new start was made possible by the agreement of a mutual resolution of the past problems between the City of Hamburg and Hochtief. All disputed claims that cannot be settled out of court will be subject to arbitration proceedings. A ruling will be made no later than one year after the project is completed. This has therefore cleared the way to resolve the disputed payment obligations.
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