The Chamber of Commerce is looking to team up with developer Iulius Group for the development of a project of nearly EUR3 million.

The land is worth an estimated EUR200-250 million.

“NEPI Rockcastle expresses interest in offering a price to the Romanian state for the ROMEXPO land or for real estate development rights on that land without the necessity of transferring the land for free to a private entity in view of commercial development. The company thus manifests its interest to take part in a public tender to select an investor for the development of the project, NEPI said in a statement.

Lawmakers of parties USR and UDMR said Thursday they would challenge the constitutionality of the land transfer approved Wednesday.