City Hall's objective for the next four years is to initiate a large number of infrastructure, transport, and environment projects aimed at upgrading the capital.
Parking systems
City Hall plans to build 22 underground parking structures in Bucharest in the next two to four years, creating
1,500 to 3,000 parking spaces in downtown areas like Athenaeum Square (Piata Ateneului), Revolution Square (Piata Revolutiei), Free Press House Square (Piata Casei Presei Libere), and Obor Square (Piata Obor).
Street renovations
The project aimed at rehabilitating the streets in Bucharest will be carried out in two phases. During the first stage, 60 streets will be repairedThe second phase aims at repairing about 1,500 streets in Bucharest at an estimated cost of 450 million euros and with funds probably taken from the European Bank for Development and Reconstruction.
Venus Center (Splai Center)
Initially called the Dambovita Center, this project is a real estate development with residential, commercial, cultural and financial functions. Built near Independence Boulevard (Splaiul Independentei), the project will need an investment of about 350 million euros.
Bucharest's financial center, close to the Palace of Parliament
The Izvor project is aimed at refurbishing the area around the Palace of Parliament and to create a financial city center for Bucharest. City Hall will develop here a strong urban pole, with commercial, cultural, multi-media and office functions. The whole assembly will comprise of four different zones and will be crossed by a 1.5 kilometer boulevard, which will relieve the traffic in the area and will likely be called Uranus Boulevard.