• The Cuzco tower will gain 2,600 square meters and expand the squares by almost 800, to 2,070 jobs
  • The work has a budget of 25 million and is scheduled for completion in July 2015
  • The grouping of centers plus energy efficiency and communications will allow productivity improvements

The Ministry of Economy and Competitiveness has begun the works of integral remodeling of its headquarters, within the Cuzco Ministerial Complex on the Paseo de la Castellana in Madrid. The objective is to recondition, expand and optimize the space, which will allow savings in rental and maintenance costs of 10.2 million euros per year.

The remodeling of the building – built in the 70s – will expand the useful area by almost 2,600 mtwo, up to 26,800 mtwo, and will optimize the spaces, which will accommodate 2,070 people, compared to the current 1,288. This will allow abandoning two of the buildings that are now for rent and improving productivity by placing units that are currently dispersed in three at a single location.

The works, whose budget amounts to 25 million euros, also pursue technical improvements such as perimeter lining and exterior carpentry to save energy as well as improve air conditioning and lighting installations. In addition, technical flooring will be installed (allows greater movement of spaces with little cost) and a single voice and data network. After the works, according to the execution project, around 15% will be saved in electric air conditioning energy and around 30% in natural gas.

The remodeled plants will accommodate, in addition to the current staff, 513 people who now serve in the Secretary of State for Research, Development and Innovation, who occupy a rented building in Madrid, whose annual cost, including maintenance, rises to 8.19 million euros. Likewise, the General Directorate of Insurance and Pension Funds, with 269 people, will be transferred to the headquarters, which will add another 2 million euros of savings per year.

In a first stage the reform of the 18 floors of the building used by the Ministry of Economy will be addressed and later the 23-story tower complex will be completed. This rationalization of space promoted by the Ministry of Economy is part of the objectives of the Commission for the Reform of Public Administrations (CORA).

The completion of the works is scheduled for July 2015. The Ministry apologizes both to the staff working in the affected building and to the citizens who pass through the area for the inconvenience that these works may cause.

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