Czech Republic: Construction of Ostrava Concert Hall receives CZK 2 billion from the EIB

The EIB credit covers most of the financing for the planned €115.5 million cultural landmark in Ostrava, the third-largest Czech city with a population of 318,000. Located in the northeastern Moravian-Silesian region, Ostrava is close to the village where renowned composer Leoš Janáček was born in 1854 and is where he died in 1928.

The project will also receive a grant of 500 million CZK (ca €21 million) from the European Union's Public Sector Loan Facility (PSLF), which is part of the Just Transition Mechanism (JTM), complementing the EIB loan of €84 million, as well as additional funding from local sources.

The planned Ostrava Concert Hall will be a 1,300-seat venue featuring world-class acoustics and serve as an extension of the existing House of Culture. Due to be completed in 2028, it will host the renowned Janáček Philharmonic Orchestra and showcase musical performers from around the globe. Beyond its primary role as a concert venue, the hall will support a wide range of cultural and educational activities, enriching the cultural landscape of the Moravian-Silesian region.

Czech officials also hailed the project.

 Ostrava Mayor Jan Dohnal said the venue would make Ostrava a worldwide landmark.

The project may serve as a showcase for other Just Transition Mechanism-related initiatives in the Czech Republic and inspire urban development and cohesion across the country.