The aim is to carry out a comprehensive reconstruction, which would correspond to the modern requirements of urban architecture, including putting in new networks for utilities. A modern square in the heart of Prague would offer visitors an attractiveenvironment, with a balance of all the necessary urban amenities.

Due to the size and the complexity of the space, construction work is planned in two stages.

The company Hochtief CZ won the competitive tender with a bid price of approximately 270 million CZK without VAT.