Renovations on Buckingham Palace will take a decade to complete. The government started to mention the necessity of the palace's facelift long ago.
Pictured: the royal family on the balcony of Buckingham Palace.
Tony Johnstone-Burt, master of the Queen's Household, said that without urgent work there is a risk of serious damage to the palace and that by making this investment in Buckingham Palace a much more costly and potentially catastrophic building failure in the years to come can be averted.
“On completion of the work, we'll have a Palace fit for purpose until 2067,” he said.
Surveyors said that the work will contribute to a projected $4.3 million per year reduction in the cost of the palace to the public purse. Thus, meters monitoring water consumption at Buckingham Palace are not economical.
The repairs will also include the replacement of ageing electrical wires, water pipes and boilers. According to officials, there is a risk of fire or water damage.
Buckingham Palace is one of the biggest buildings in the United Kingdom. It has 775 rooms, some of which will be renovated for the first time in 60 years.
The refit will start in April 2017. It is remarkable that Queen Elizabeth II will remain in residence during the work. Tourists will also be able to attend the palace.
Pictured: Buckingham Palace interior.
This month, the price of Bitcoin has soared to a record $89,000. Despite its constant volatility, BTC remains the most promising cryptocurrency since its debut in 2009. Many early investors who believed in Bitcoin's potential are now reaping the rewards of their foresight. Let's take a look at today's wealthiest crypto enthusiasts
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
