The Governing Council of the Community of Madrid has definitively approved the urban development project Madrid Nuevo Norte. With this milestone, the project’s planning phase comes to an end as the implementation phase starts.
Mr. Álvaro Aresti, President of Distrito Castellana Norte (DCN) –main private developer of Madrid Nuevo Norte– has celebrated this decisive step, which ends a stage of urban planning processing that has taken 26 years. “The approval opens a new stage, which will allow the implementation of the largest urban transformation in the recent history of Madrid and currently in Europe,” he assured.
Following the approval announcement, the President of DCN has conveyed his gratitude to all the Administrations and public institutions with which Distrito Castellana Norte has worked over all these years “for their vision, their capacity for dialogue and their resolve for understanding.”