FCC and Pacsa are awarded the remodeling of the Plaza de España in Madrid

  • The budget for the works amounts to almost 62 million
  • The first performances, at the intersection of Gran Vía and Princesa

The Madrid City Council has awarded for a little less than 62 million euros the remodeling works of the Plaza de España, which will be carried out from next February and over 21 months by the Temporary Union of Companies (UTE) that will constitute the construction companies Fomento de Construcciones y Contratas (FCC) and Pacsa.

The Sustainable Urban Development Area (DUS) of the City Council, which is directed by José Manuel Calvo, has reported today that the final budget for the works of the square and its surroundings amounts to 61,999,546 million euros, which includes the € 10 million VAT.

Specifically, the budget for the work is 51,239,295 million euros, 37% less than the budget of the execution project 81,496,436.43 euros, a figure “very close to that established in the budget of the contest voted by the citizens” of Madrid, highlights the City Council.

The project, explains DUS, is the work of the architects Fernando Porras Isla-Fernández, Aranzazu La Casta Muñoz and Lorenzo Fernández-Ordóñez Hernández, and was the winner of the ideas competition convened by the City Council after being selected as a finalist by a jury of experts and subsequently elected by the citizens of the capital “In a broad process of participation.”

Sources from the Sustainable Urban Development Area have emphasized the “very important” positive impact that this project has on improving mobility, reducing pollution and the sustainability of Madrid capital, without forgetting the thousands of jobs that the works will generate and the revitalization of commerce and hospitality.

According to the City Council, the Plaza de España will be recovered “as a residential, civic and active place”, in an area where motorized road traffic will be reduced, where pedestrian spaces will increase, and there will be more spatial continuity between the square and its surroundings, which It will be connected by green areas with the Plaza de Oriente, the Sabatini Gardens, the Parque del Oeste, the Temple of Debod and Madrid Río.


“The main objective of the action is to recover the continuity of these magnificent public spaces that are currently segregated due to the infrastructures built in the 60s“Says the Sustainable Urban Development Area.

The project, he adds, also aims to guarantee universal accessibility and environmental improvement through the protection and increase of vegetation, and coordination with sustainable mobility systems.

The City Council highlights that once the work has been awarded work will be done on the detail of the proposed planning and in defining the completion dates of each part of the works based on the availability of materials and “always following the criterion of interfering as little as possible in the daily life of citizens.”

In a first stage of the works, work will be done at the intersection between Gran Vía, De los Reyes and Princesa streets, a great pioneer zebra crossing in Spain that will allow pedestrians to travel simultaneously in all directions and even diagonally.