All systems go for ELI super laser – apart from huge gap in land price

At stake are hundreds of millions of crowns and the “pearl” of Czech science. At an estimated cost of Kč 6.7 billion, the Extreme Light Infrastructure (ELI) will be built in Dolní Břežany, with the price of the land beneath it one of the few sticking points.

European Union funds were meant to cover the costs in full. The Institute of Physics (FZÚ) at the Czech Academy of Sciences (AV ČR), the recipient of the grant, derived the land purchase price — initially at some Kč 3,762 per square meter — based on an assessment by the firm Montekal, and a deal was agreed with the current landowner, the Archbishopric of Prague.

However, the Education Ministry (MŠMT) later ordered its own evaluation, carried out by YBN Consult and the president of the Czech Association of Property Valuers, Bedřich Malý, which assessed its value at Kč 1,000/sq m. Given the size of the plot in question, it’s an appreciable difference. In the first phase of the project, ELI will require 40,618 sq m and in the second phase 34,367 sq m, and for related, small scientific projects 9,573 sq m. All together, according to Montekal’s review, the cost will reach Kč 283.2 million.

The AV ČR and MŠMT failed to find middle ground, so to speak, and so did not arrive at a figure as for what to deduct from the European Union funds. This resulted in a third “conciliatory” evaluation by the University of Economics in Prague (VŠE) , which arrived at a figure some Kč 2,300 higher than had the second appraisal, but did not resolve the problem.

Fourth time a charm?

The European Union would not pay the full price of the land as assessed by the first review at which according to the contract the FZÚ must buy the lots from the Archbishopric of Prague and went with the third assessment by the VŠE. Even after all the corrections, the AV ČR is still short Kč 100.15 million.

After an attempt to commission a fourth (even “more suitable”) review, which the EU resolutely called off, the ministry took another route. Last week, Education Minister Josef Dobeš (Public Affairs, VV) said “nothing now stands in the way of buying the plot” and he has “no doubts about the successful realization” of the ELI super laser project. But is everything truly resolved?

Kc Price Minister - News


All systems go for ELI super laser – apart from huge gap in land price

At an estimated cost of Kč 6.7 billion, the Extreme Light Infrastructure (ELI) will be built in Dolní Břežany, with the price of the land beneath it one of the few sticking points. European Union funds were meant to cover the costs in full.



Milk price should be hiked: Minister

KALPETTA: The High Court is yet to decide whether Milma or the government has the right to increase the price of milk, but the price of milk should be increased anyway,†said Minister for Rural Development and Dairy Development KC Joseph.



Ex-minister takes control of Slavia FC
Ex-minister takes control of Slavia FC

ENIC claimed the takeover by Rosen and Doležal in 2006 amounted to fraud as they had illegally raised the company's registered capital by Kč 618 million to Kč 1.04 billion without their consent as the majority shareholder.



[snap]: S&P upgrades Czech Republic

“In today's turbulent times it is rather an exception, many other states had their ratings cut.” Czech stocks rallied after the announcement, closing up 1.61 per cent at 998 and the Czech koruna added 0.5 per cent against the euro, trading at CZK



A novel idea for land acquisition

The government has to think it over in detail,†said Rural Development Minister KC Joseph. “The inhibition of land owners to surrender their holding for development projects now is mainly due to the ever-escalating land price.




Kc Price Minister - Bookshelf

The Price

The Price

When two brothers come together to dispose of their parents' estate, their divergent attitudes and dispositions become increasingly accentuated.

Price theory

Price theory

Introduction These notes deal with price theory. The larger part is devoted to the pricing of final products;' the rest, to the theory of distribution. ...

Price theory, a provisional text

Price theory, a provisional text


How to Price, A Guide to Pricing Techniques and Yield Management

How to Price, A Guide to Pricing Techniques and Yield Management

This book attempts to introduce the reader to a wide variety of their research results on pricing techniques in a unified, systematic way and at varying levels ...

The Price Advantage

The Price Advantage

Praise for THE PRICE ADVANTAGE, SECOND EDITION "This book is a treasure--a practical yet intellectually sound guide to pricing that is applicable to both large ...

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