iStock/Thinkstock(LONDON) — Buckingham Palace is getting a major makeover worth hundreds of millions of dollars.
Her Majesty’s Treasury has announced a 10-year refurbishment project for the Queen’s residence, built in the 17th century, that will cost British taxpayers £369 million (about $456 million).
Electrical wiring will be replaced along with water pipes, the heating system and more that were installed after World War II, HM Treasury said, in an effort to prevent “a serious risk of fire, flood and damage.”
“We must ensure that the special architectural and historic nature of some of our greatest buildings are protected for future generations, therefore it is only right we ensure Buckingham Palace is fit for purpose,” Chief Secretary to the Treasury, David Gauke, said in a statement. “These urgent works have been properly costed and will ensure the Palace can continue its centuries-long tradition of being the working house of our Monarch. We will ensure every penny spent achieves the greatest value for money.”
The Queen will continue to live in Buckingham Palace during the refurbishment project.
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