The contract worth 85 million euros under which Bucharest-based Alpine, controlled by the Austrian group Alpine Mayreder will build Petrom’s headquarters, entails the development of an office building, the construction of a car park, a data centre and of an electrical power station. At the beginning of April, Petrom announced that, following the tender, Bucharest-based Alpine had been selected to build the company’s headquarters, with the contract standing at around 80 million euros. The Petrom City complex will be built near Straulesti Lake, in the Northern part of Bucharest, with work to begin at the end of 2007 and set to be completed by late 2009, according to representatives of the Spanish group FCC, owner of the Austrian firm. The petroleum company holds a plot with a total surface area of 200,000 square metres in Straulesti. In January 2006, Petrom announced it would build a real estate complex in Straulesti by 2009, which would include offices for the company’s future headquarters. The plot is the former location of a petroleum products warehouse and is currently undergoing the biggest environmental rehabilitation process ever conducted in Romania.