Grandi Stazioni to get compensation for lost investments

Czech Railways will pay the Italian developer Grandi Stazioni 565 million crowns in compensation for the money invested in the reconstruction of the Main Railway Station in Prague. Grandi Stazioni lost its 30-year lease of the station in October of this year after repeatedly failing to meet the reconstruction deadline. The Czech Railway Infrastructure Administration rejected its request for another two-year extension and asked Grandi Stazioni to vacate the premises. The developer is demanding 765 million crowns in compensation, but Czech Railways says it has not produced evidence the extra 200 million were actually invested.