The partner of DPP for the construction of metro line D is to be Penta, the commission has decided

Prague - The partner of the Prague Public Transport Company (DPP) for surface construction above the eight stations of the planned metro line D should be the Penta Investments group. This was decided by the selection committee. DPP's head Martin Gillar confirmed this to the server iHned.cz. The next steps will be discussed by the management board of the company next week.

DPP is expected to create a joint venture with Penta, which will facilitate the purchase of land, among other things. The city is prohibited from purchasing land for a price higher than the appraisal. The land acquisition is expected to cost around seven billion crowns. However, the opposition is concerned that Penta would hold 51 percent of this joint venture, thus having a majority. According to DPP, the joint venture will operate for a maximum of 15 years. After that, it intends to pay Penta off and return its initial investment.

The server states that the developer is particularly attracted by the profit from renting and selling buildings around the stations. The conditions are reportedly set so that the project cannot incur losses. Six companies applied for the tender for DPP's partner.

Metro D is to connect the center of Prague with the southern part of the city. Construction will first start on the section from Pankrác to Písnice. In the next phase, the remaining two stations Náměstí Bratří Synků and Náměstí Míru will be developed. Estimates suggest that Metro D will cost around 50 billion crowns and will feature automated driverless trains. The recently opened stations on metro line A to Motol cost approximately 20 billion crowns.

Penta Investments is currently active in various fields, particularly in healthcare, financial services, manufacturing, retail, real estate, and recently in media as well. It operates in more than ten markets across Europe. The year before last, it increased its net profit by 25 percent to 6.78 billion crowns.