The Central Region will once again focus a significant amount of municipal investment This is next yearis the eighth region with the largest budget for 2026. The list was headed this year by Latina and closed by Moratalaz. Planned actions in regional investments for the neighborhoods of Palacio, Embajadores, Cortes, Justicia, Universidad and Sol They range from renovating historic squares to restoring unique buildings and correcting diseases in residential properties.
One of the most prominent projects Actions appear in four boxes. The first, the comprehensive redesign of Jacinto Benavente, which will amount to an investment of 4,950,000 euros in this first phase. The operation will continue in 2027 for another 3,690,000 euros, which will allow a complete conversion of the space.
With this money, the Public Works District will reorganize the space to consolidate it as a plaza, where it was previously a bus dock, and put an end to the problems Practicality, accessibility and urban decline. Renovations will also be carried out in other areas of the area: such as the Plaza dei Mattute, at a cost of €56,077 to complement the rehabilitation works carried out this summer in the square and in the surrounding streets.
the Plaza del Rastrillo will continue its transformation With a budget of €1,226,551 to renovate the pier, change the space layout and improve accessibility. Finally, Tirso de Molina Square, with its surrounding streets, will use €852,824 to improve its configuration and enhance comfort as a residential area to attract residents again.
In addition to the squares, the center’s investment also allocates a significant portion to endowments. Specifically, to social amenities. Firstly, in 2026, the Duchess of Suica’s Palace will progress towards being transformed into a social welfare centre For the homeless and another for the elderly With a budget of 4,000,000 euros. But the bulk of the traffic will arrive in 2027 in the amount of 12,491,992 euros.
Work will also continue on Paseo del Prado, 30 to transform it into a cultural center at a cost of 4,442,148 euros, and on the property on Calle Espirito Santo, 34, where 2,000,000 euros will be allocated to correct structural diseases, with another 2,000,0000 euros planned to continue in 2027. In the residential area, The measures will continue in the apartments designated for seniors on Gerty Street, 3Where 2,264,294 euros will be invested to solve the problems discovered in the building. The work will be completed in 2027, the year in which 1,500,000 euros will be added.
Finally, the Historical Heritage takes 350 thousand euros from the budget that will be used for the restoration of the Cibeles Fountain, which will start in June – so as not to coincide with the season and possible football victories of Real Madrid – and It seeks to ensure its preservation and restore damaged items Due to the passage of time, exposure to pollution, and source moisture. With all these measures, the Central Region faces the year 2026 with the squares, social facilities and Cibeles as champions.