Palace of Parliament

The Palace of the Parliament () is the seat of the Parliament of Romania. Located on Dealul Arsenalului in central Bucharest (Sector 5), it is the largest administrative building in the world with a height of 84 m, an area of 365,000 m2 and a volume of 2,550,000 m3. In terms of weight, the Palace of the Parliament is the heaviest building in the world, weighing in at around 4,098,500,000 kg. A colossal parliament building known for its ornate interior composed of 23 sections, it houses the Senate and the Chamber of Deputies, three museums and an international conference center. The museums hosted inside the Palace are the National Museum of Contemporary Art, the Museum of Communist Totalitarianism (established in 2015) and the Museum of the Palace. Though named the House of the Republic (), after the Romanian Revolution in 1989 it became widely known as the People's House (). Due to its impressive endowments, events organized by state institutions and international bodies such as conferences, symposia, and others take place there, but even so about 70% of the building remains empty. In 1990, Australian business magnate Rupert Murdoch wanted to buy the building for US $1 billion, but his bid was rejected. , the Palace of the Parliament is valued at €3 billion ($3.4 billion), making it the most expensive administrative building in the world. The cost of heating and electric lighting alone exceeds $6 million per year, as much as the cost for a medium-sized city.