Impact, which won the tender to build the project in public-private partnership, and the Cluj-Napoca municipality signed last week the contract prior to setting up the company through which the investment will be carried out.
A zonal urban plan (PUZ) for the project and for infrastructure works needs to be drawn up in the next six months. The mixed company will be set up only after the PUZ is approved.
The developer will present Cluj-Napoca inhabitants with several architectural solutions for future apartments so they can make a contribution.
Infrastructure works for the project could start towards the end of the year, while the first
homes should start going up in February.
In November last year, Impact was named winner of the bid for the project on Dealul Lomb, to feature 5,000 homes.