The construction of an entire new settlement on Velje brdo could amount to three and a half billion euros, if it were technically possible. The price of building a square meter apartment on Velje brdo or any other location in Podgorica can theoretically be a thousand euros, if the investor would be exempt from all other costs of utilities, land... the cost even if building materials, sanitary ware and woodwork of average or lower quality were used, said the interlocutor of "Vijesti" from the construction sector when asked how much the construction of the entire project and the square footage of the apartment could cost.
The cost of construction is half of Montenegro's GDP
He states that he is in the animation of the project, which was presented by the Prime Minister last week Milojko Spajic and the Minister of Spatial Planning Slaven Radulović, stated that the gross area of all residential and commercial buildings would amount to 2,66 million square meters, as well as that the net area would amount to about 2,2 million square meters, that is, about 1,1 million square meters of residential and the same amount of commercial space.
"When we multiply that area with the estimated price of one thousand euros, we get a figure of 1,1 billion euros just for the construction of these residential buildings. The construction of non-residential buildings could cost an average of about 50 percent more, or about 1,7 billion. In the settlements in Podgorica, the costs of infrastructure construction make up about 15 percent of the construction costs of the building, which would amount to about 400 million euros for this total net area, but given that this is a settlement that would be about 200 to 250 meters above sea level Podgorice, to mention two lakes on the top of the hill, sports grounds, equestrian club, large shopping and business centers, jobs for 25 thousand people... it is more realistic that the construction of communal infrastructure will be at least 50 percent more expensive. That is to say that the construction of the entire settlement, with all facilities, infrastructure and complete decoration, costs at least three and a half billion euros", said the interlocutor of "Vijesti".
So the construction of this settlement, the size of the city of Bar, would cost half of the total GDP of Montenegro of seven billion euros.
Any luxury and quality raise the price
The costs, as he explained, of the construction of the residential building itself, without the costs of utilities, land, garages, infrastructure, financial expenses, costs of project documentation and connections... even if the cheapest materials, sanitary equipment, carpentry,... and without any earnings of the builder, now cannot be lower than 700 euros per net square meter of usable area of the apartment, and with the average quality of materials they amount to around 900 euros.
He states that the price of building a square meter of an apartment depends on a large number of other factors, including the number of floors, whether and what kind of elevator is needed, whether additional pumps are needed to increase the water pressure on the higher floors, and whether there are parking spaces. in the garage inside the building or in the classic parking lot in front of the building, what kind of roof is planned, whether the investor is building with his own funds or with a loan from the bank...
"If we had the main project of the settlement and the projects of each building individually, the construction costs could be approximately calculated. These projects, in the shortest possible terms, could only take a year or a year and a half, after the adoption of the DUP, and before that the spatial plans need to be changed. The very construction of the smallest building with one entrance, four floors, which would have up to 20 apartments, could not be completed in less than ten months, provided that all the infrastructure on its plot was previously completed and ready", said the interlocutor of "Vijesti". .
The team that changes PUP radio analysis and animation
The Ministry of Spatial Planning, Urbanism and State Property officially told "Vijesta" that the manager of the PUP change is Podgorica Aleksdandra Tošić Jokić made an additional analysis of the planning organization and use of the area of 923 hectares, working title Project "Velje brdo".
"It is known to the public that there are ongoing activities on the preparation of Amendments and Supplements to the PUP of the Capital City of Podgorica, which were started in 2018. In accordance with the current legislation, the development of the planning document is managed by the development manager who is appointed by the Government and who is appointed by the expert team, and consequently, the Government appointed Aleksandra Tošić Jokić, B.Sc.Arch, as the manager of the PUP Amendment of the Capital City of Podgorica, in August 2018. year. During the public debate on the draft of this planning document, remarks, proposals and suggestions were made, of a substantive and procedural character, which point to the necessity of a new public debate on the Draft Plan. Since this planning document will be subject to another public hearing, and bearing in mind that the Plan is being amended for the entire territory of the Capital City, the project manager Aleksandra Tošić Jokić made an additional analysis of the planning organization and use of the 923 ha area, working title Project " Velje brdo". The animation of the project was prepared by the manager of the development and the expert team that participates in the development of the PUP", the Ministry of Spatial Planning answered the question of who prepared the presentation of the project.
Only initial analysis presented
They state that starting from the fact that the capital is a center of national importance, it is estimated that it is necessary to make the urbanization policy appropriate to the fact that about 90% of tenants at the state level live there, that is, to solve the housing issue for about 42.000 people.
"On the other hand, it is necessary to create preconditions for the rational and purposeful use of the area of Velje brdo and to define the direction of development of the Capital City in accordance with the principles of sustainable development. It is important to point out that this is an initial analysis, which will be further elaborated with the guidelines of the authority for technical conditions (environmental protection, traffic, tourism, energy, water supply, electronic communications...), after which a public hearing will be held and the proposal will be prepared. of the plan, which will be sent to the Government for adoption, and which is planned by the end of 2024. Adopting these changes will create planning preconditions for the implementation of the "Velje brdo" Project, since the changes will provide direct guidelines for the construction of buildings, and the existing LSL will be put out of force”; they said in this department, adding that the Government has not and will not make a special decision for the "Velje brdo" project, but this issue will be regulated by a planning document, in accordance with the Law.
Funding from the budget, partnership and the Development Bank?
The prime minister's office did not answer the questions of "Vijesti" about the value of the Velje brdo project, from which funds it will be financed and how much money is planned for this project in the budget for the next year, as well as whether, bearing in mind that the project requires construction of large infrastructures, realistically everything will be completed in the middle of 2026, as the Prime Minister announced.
Three days ago, in an interview on TV Prva, Spajić said that he was grateful to Minister Radunović that "in just two months of his mandate, he managed to find a location" for this project.
"We will work on the project from the capital budget, we will also use private-public partnership in some cases, we will also have a development bank, that is why it is important that the law on it be adopted as soon as possible in our parliament, and in this way, with the guarantee of the state, we will have a ready-made a solution for citizens who will not have to fear whether they will get a loan from private banks", Spajić said then when asked about how the project will be financed and whether citizens will be able to pledge those apartments in order to get a loan for their purchase.
It is important to point out that this is an initial analysis, which will be further elaborated with the guidelines of the authority for technical conditions (environmental protection, traffic, tourism, energy, water supply, electronic communications), after which a public discussion will be held and a draft plan will be prepared. , which will be sent to the Government for adoption, and which is planned by the end of 2024, the Ministry said
In connection with the deadlines for completion by the middle of 2026 and the necessary previous activities in connection with the change of planning documentation, project development and communal infrastructure, Spajić reiterated that the changes to the PUP Podgorica will be adopted by the end of the year.
"By the end of the year, we will open a website for the applications of all interested citizens, immediately after that, at the beginning of 2025, we will go to an international competition, when we will in some way enter into the implementation of the conceptual project, which will reflect to the end what that city should look like on how we will implement infrastructure projects and all other things that are necessary for this very demanding project. By the end of 2025, we will definitely enter the construction of roads, water supply ... and distribute the first apartments in the middle of 2026", said Spajić on Wednesday.
Only a small part of the project is in the protected zone
The Ministry said that a smaller part of the scope of the "Velje brdo" project is within the scope of the "Rijeka Zeta" Nature Park. This was answered to the question of whether this fact was taken into account and whether the plan for this protection zone will also be changed.
"This circumstance was in the focus of processing the proposed solutions of the 'Velje brdo' project, since it is a protected natural asset. Within the Nature Park, the area intended for the "Velje brdo" Project is located in the III Protection Zone, for which the provisions of the spatial plans of the Capital City of Podgorica and the Municipality of Danilovgrad apply, with the explicit application of environmental and nature protection standards, so that the biological condition is not damaged but improved Nature Park - and what was stated in the Decision on Proclamation of the "Rijeka Zeta" Nature Park from 2019", said the Ministry.
Spajić changes the presented mathematics, adding all housing costs to installments
As the data on apartment prices, the amount and number of installments with interest, which the Prime Minister announced at the presentation last week, did not match the basic mathematical operations, because the final price for a 60-square-meter apartment would be 1.700 euros per square meter, and for 100 square meters, approx. 1.400 euros per square meter, which is significantly more than the announced 1.000 euros, Spajić announced completely different data in an interview three days ago on TV Prva.
"Those 390 euros for 100 square meters or 290 euros for 60 square meters do not mean a monthly installment, as individuals have tried to make it out to be," Spajić said now, although he repeated several times during the presentation that the installment amounts for the purchase of apartments are 290 and 390 euros. .
"Three hundred and ninety euros for 100 square meters is the maximum monthly housing cost that citizens will pay." A tenant now has to pay 100-800 euros for an apartment of 900 square meters in Podgorica, in some parts of the city and over a thousand euros. He wants to know how much he needs to pay in total per month if he moves to Velje brdo, and for him that figure will be 390 euros. This means an installment that includes principal and interest and real estate tax and maintenance, which each owner must pay, and the total monthly cost will amount to a maximum of 390 euros, while for 60 square meters it will amount to a maximum of 290 euros," Spajić said. on Wednesday.
Just four days earlier, he claimed the exact opposite.
"For an apartment of 100 square meters we will have a monthly installment of 390 euros, for 60 square meters we will have a repayment which will be a monthly installment of 290 euros. "A square meter will be one thousand euros, and the derived interest, if you take into account the installments and that the repayment is 30 years, is 1,2 percent per year," said the Prime Minister on Saturday last week.
The prime minister also changed the story about the date of moving in, because last week he clearly said that the first moving in can be expected in the middle of 2026, and now he uses the term "distributing apartments to users".
"In the middle of 2026, we will distribute the first apartments, not the entire settlement. It is certain that this project will last several years. They will have rankings, priority for young married couples", Spajić said on Wednesday.
The term to distribute apartments can mean to assign the right to an apartment or make a ranking list, and it does not necessarily mean moving in.
See more:
Download the app and follow the news
FOLLOW US ON
