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Italy 
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CCB to Grow, Gaining 5-Star Hotel
28 November 2018
To celebrate 25 years, the CCB finally announced the expansion of its modules 4 and 5, winning a luxury hotel and new commercial spaces. The international competition begins this Thursday.
After an announcement almost two years ago (January 2017) by the president of the Cultural Center of Belém, Elísio Summavielle, the expansion of the CCB was finally made official, with the expansion of the commercial area and the construction of a five-star hotel.
The announcement was made this morning at a press conference that took place at the CCB itself. The international public tender for the concession of modules 4 and 5, as designated since the launch of the project in the mid-1980s, is expected to be opened on Thursday.
According to SIC Notícias, the CCB Foundation will assign the surface rights for a period of 50 years to the winner of the contest. In return, the Foundation will receive a minimum of 900,000 euros per year, throughout the concession period. The works are expected to last three years.
The Minister of Culture, Graça Fonseca, the president of the CCB, Elísio Summavielle and the mayor of Lisbon, Fernando Medina were at the ceremony to present the project to enlarge the building.
Elísio Summavielle revealed his intention to move ahead with the project in an interview with Público and Radio Renascença in January of 2017.
At the time, the president of the CCB guaranteed that he would do everything in his power to make sure modules 4 and five were built, together with a prestigious, 160-room hotel with shopping areas and additional cultural venues.
Summavielle stated that he believes that the investment, which will largely depend on private capital, is needed to ensure the long-term viability of the CCB.
Original Story: Economia Online
Translation: Richard Turner