The Water Palace, also known as the Palace of the Timiș-Bega Waterworks Company, the Palace of the Regional CFR Timișoara, the Palace of the Banat Water Directorate, is a monumental building, located at the entrance from the city centre to the Iosefin district of Timișoara. It is part of the urban site "Old Iosefin District". Built in 1901 for the Timiș Bega Waterworks Company, between 1948 and 2007 it also housed the Timișoara CFR Regional Railway Company. Today it belongs again to the Banat Water Basin Administration.