The project will be built as a public-private partnership. The Ministry of Culture claims this will reduce the cost of the construction by 3.65%.
The new complex will be located near the Slovak National Theatre and construction should last 3 years. The private partner will run the complex for a 25-year term. The estimated cost is 138 million Euro.
The current building of STV will be sold and the SRO building, the so-called Pyramid, will be used as a gallery of modern art and an archive for the public media institutions.
Further information is available on the government website: http://www.rokovania.sk/appl/material.nsf/0/F814A30E63480386C12575B6002BEECF?OpenDocument