Queen Maria\u2019s Palace in Constan\u021ba, built between 1924 and 1926 and formerly owned by the Ministry of Economy, has now come under the administration of the Ministry of Culture and will undergo restoration.\u00a0<\/p>\n
The palace is valued at RON 5.75 million (EUR 1.15 million), and will be restored with funds from the government\u2019s 2024 budget reserve.<\/p>\n
The complete restoration of the royal villa will later be funded through a financing agreement with the Council of Europe Development Bank (CEB).\u00a0<\/p>\n
\u201cFollowing efforts on multiple levels, this monument of exceptional value was declared of national public interest and was transferred to the Ministry of Culture\u2019s administration, also receiving the necessary funds for acquisition, conservation, and restoration,\u201d stated the Ministry of Culture.\u00a0<\/p>\n
According to the same institution, as early as March, the ministry took the initiative to approve a Memorandum regarding a loan from the CEB for the \u201cCultural Foundations\u201d project, which includes funds for the restoration of Queen Maria\u2019s Palace.\u00a0<\/p>\n
\u201cAfter resolving the complex issues regarding property rights, we have taken over the building from the Ministry of Economy, and together with the Constan\u021ba City Hall, we are moving forward with the process of transferring the land to state ownership under the administration of the Ministry of Culture,\u201d wrote Raluca Turcan on Facebook.<\/p>\n