The city of Basel is to gain a new landmark. The authorities have announced that construction of a giant tower will begin next July. At 105 metres, the new building will be the tallest in Switzerland.This content was published on September 1, 2000 - 10:55
The contract for building the 30-story tower was signed on Friday. It will form part of the Basel exhibition site and will house a luxury hotel, and office premises.
The cost of construction is estimated at SFr150 million ($86 million) and will be covered by the developing company, Swiss Prime Site.
Building work is not expected to be completed until summer 2003.
swissinfo with agencies
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