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Wednesday, 25 March 2009 05:30 |
 The financing of the continuance of the construction of the convention and musical hall. More than a month has passed since the minster of education and mayor signed a will statement about starting the construction again, with Austurhofn-TR ehf contractor handling the project but the company is owned by 54% by the government and 46% by Reykjavik city. Then it was also claimed that the financing was on the final stage but the New Landsbanki was to handle the Icelandic fellow bank loan, with theparticipation of new Kaupthing and Islandsbanki. It is thought that the expenses of finishing the project in the next two years is around 15 billion krona.
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Thursday, 19 March 2009 22:30 |
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 There has been much coverage of unsold apartments owned by contractors in the capital area. The masters union of industrial workers in Hafnarfjordur (MIH) has thought of this coverage as far too negative. In the same articles have the media not made any difference of unfinished apartments and finished, apartment in the process of being built and untouched lots which are mostly owned by the communes. The general reader may interpret all of this as unsold apartments, which is a giant bluff. MIH is not going to argue about how much has been built over the need for the last semesters but the expected need for new apartments per year are around 1800.
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