Cost explosion at the Archaeological State Museum in Rostock: 85 million euros!

Cost explosion at the Archaeological State Museum in Rostock: 85 million euros!

The construction of the Archaeological State Museum in Rostock is taking shape, but the costs are exploding. While the original calculation was 45 million euros, the new estimates are around 85 million euros. That divides them Baltic Sea newspaper with. The increase is characterized by a 20 percent increase in the construction cost index and significant price increases across the entire construction industry.

According to analysts, the main reasons are rising material and energy costs, especially for commonly used building materials such as steel and concrete. These price increases are directly related to the current geopolitical climate, particularly the Russian war of aggression against Ukraine. Additional construction requirements, such as new safety standards and climatic conditions for the exhibits, have also contributed to the cost explosion. According to the Northern Courier The city of Rostock continues to provide a financing share of 15 million euros.

Cost development and construction time

Construction work on the museum in Rostock's city harbor is planned for the second half of 2026, with the first steps starting with land reclamation. Building construction will begin about a year after this work begins. The museum's total usable area is 3,620 square meters, of which 1,850 square meters are intended for exhibitions. There will also be a conference area, a café and other rooms for museum education as well as areas for employees and service.

Overall, the future opening of the museum remains uncertain because, although it is targeted for the end of 2030, it depends heavily on the construction of the bridge over the Warnow. The draft planning for this is already at the Ministry of Finance and Digitalization, although the location itself still raises questions: Does the water area have to be filled up or will it be founded on pile structures? These decisions are crucial for the future schedule.

General market development

Prices have risen sharply in the construction industry in particular in recent years. According to current reports, material costs in the construction industry have increased by an average of 40%, which has a direct impact on the profitability of construction companies. Despite these challenges, there are some positive economic developments - the risk of insolvency for clients has decreased, mainly due to higher prices. The Construction industry reports that the equity capital base of many companies has improved.

In summary, it can be said that the future development of the Archaeological State Museum in Rostock will be influenced by many external factors in addition to the construction costs. The city and the companies involved must find creative solutions to meet these challenges and meet the planned time frame.