diff --git a/cmd/copsctl/namespace.go b/cmd/copsctl/namespace.go
index 2316793..53bbdfc 100644
--- a/cmd/copsctl/namespace.go
+++ b/cmd/copsctl/namespace.go
@@ -37,6 +37,7 @@ func createNamespaceCreateCommand(o *namespace.Orchestrator, cmd cli.Command) {
 	addUsersParam(namespaceCreateCmd)
 	addServiceAccountsParam(namespaceCreateCmd)
 	addNameParam(namespaceCreateCmd)
+	addProjectParam(namespaceCreateCmd)
 }
 
 func createNamespaceDeleteCommand(o *namespace.Orchestrator, cmd cli.Command) {
@@ -138,3 +139,8 @@ func addServiceAccountsParam(cmd cli.Command) {
 func addNameParam(cmd cli.Command) {
 	cmd.AddPersistentParameterString(flags.Name, "", true, "n", "Name of the namespace")
 }
+
+func addProjectParam(cmd cli.Command) {
+	cmd.AddPersistentParameterString(flags.ProjectName, "", true, "p", "Name of the project hosted within namespace")
+	cmd.AddPersistentParameterString(flags.ProjectCostCenter, "", true, "c", "Costcenter project is billed")
+}
diff --git a/internal/adapters/kubernetes/cops_namespace.go b/internal/adapters/kubernetes/cops_namespace.go
index ebc155d..16a0247 100644
--- a/internal/adapters/kubernetes/cops_namespace.go
+++ b/internal/adapters/kubernetes/cops_namespace.go
@@ -4,7 +4,8 @@ type CopsNamespaceResponse struct {
 	APIVersion string `yaml:"apiVersion"`
 	Kind       string `yaml:"kind"`
 	Metadata   struct {
-		Name string `yaml:"name"`
+		Name   string            `yaml:"name"`
+		Labels map[string]string `yaml:"labels"`
 	} `yaml:"metadata"`
 	Spec struct {
 		NamespaceAdminUsers           []string             `yaml:"namespaceAdminUsers"`
@@ -16,3 +17,11 @@ type CopsServiceAccount struct {
 	ServiceAccount string `yaml:"serviceAccount"`
 	Namespace      string `yaml:"namespace"`
 }
+
+func (o CopsNamespaceResponse) GetProjectName() string {
+	return o.Metadata.Labels["conplement.de/projectName"]
+}
+
+func (o CopsNamespaceResponse) GetProjectCostCenter() string {
+	return o.Metadata.Labels["conplement.de/projectCostCenter"]
+}
diff --git a/internal/cmd/flags/constants.go b/internal/cmd/flags/constants.go
index 275d40c..3c06825 100644
--- a/internal/cmd/flags/constants.go
+++ b/internal/cmd/flags/constants.go
@@ -6,6 +6,9 @@ const Name = "name"
 const Users = "users"
 const ServiceAccounts = "service-accounts"
 
+const ProjectName = "projectname"
+const ProjectCostCenter = "projectcostcenter"
+
 const EnvironmentTag = "environment-tag"
 
 const ConnectionString = "connection-string"
diff --git a/internal/namespace/namespace.go b/internal/namespace/namespace.go
index 1d6e54f..e4233a2 100644
--- a/internal/namespace/namespace.go
+++ b/internal/namespace/namespace.go
@@ -32,7 +32,7 @@ func (o *Orchestrator) Create() {
 
 	users := parseUsernames(viper.GetString("users"))
 	serviceAccounts := parseServiceAccounts(viper.GetString("service-accounts"))
-	copsNamespace := renderTemplate(namespaceName, users, serviceAccounts)
+	copsNamespace := renderTemplate(namespaceName, users, serviceAccounts, viper.GetString(flags.ProjectName), viper.GetString(flags.ProjectCostCenter))
 
 	_, err := kubernetes.ApplyString(o.executor, copsNamespace)
 
@@ -55,7 +55,7 @@ func (o *Orchestrator) Delete() {
 		return
 	}
 
-	copsNamespace := renderTemplate(namespaceName, namespace.Spec.NamespaceAdminUsers, namespace.Spec.NamespaceAdminServiceAccounts)
+	copsNamespace := renderTemplate(namespaceName, namespace.Spec.NamespaceAdminUsers, namespace.Spec.NamespaceAdminServiceAccounts, namespace.GetProjectName(), namespace.GetProjectCostCenter())
 
 	_, error := kubernetes.DeleteString(o.executor, copsNamespace)
 
diff --git a/internal/namespace/serviceaccounts.go b/internal/namespace/serviceaccounts.go
index 213210a..a4c5b80 100644
--- a/internal/namespace/serviceaccounts.go
+++ b/internal/namespace/serviceaccounts.go
@@ -69,7 +69,7 @@ func (o *Orchestrator) AddServiceAccounts() {
 		}
 	}
 
-	copsNamespace := renderTemplate(namespaceName, existingUsers, relevantAccounts)
+	copsNamespace := renderTemplate(namespaceName, existingUsers, relevantAccounts, namespace.GetProjectName(), namespace.GetProjectCostCenter())
 
 	_, err = kubernetes.ApplyString(o.executor, copsNamespace)
 
@@ -113,7 +113,7 @@ func (o *Orchestrator) RemoveServiceAccounts() {
 		}
 	}
 
-	copsnamespace := renderTemplate(namespaceName, existingUsers, resultingAccounts)
+	copsnamespace := renderTemplate(namespaceName, existingUsers, resultingAccounts, namespace.GetProjectName(), namespace.GetProjectCostCenter())
 
 	_, err = kubernetes.ApplyString(o.executor, copsnamespace)
 
diff --git a/internal/namespace/template.go b/internal/namespace/template.go
index 84d2daa..b30a124 100644
--- a/internal/namespace/template.go
+++ b/internal/namespace/template.go
@@ -44,18 +44,23 @@ func renderServiceAccounts(serviceAccounts []kubernetes.CopsServiceAccount) stri
 	return accountsList
 }
 
-func renderTemplate(namespaceName string, userNames []string, serviceAccounts []kubernetes.CopsServiceAccount) string {
+func renderTemplate(namespaceName string, userNames []string, serviceAccounts []kubernetes.CopsServiceAccount, projectName string, projectCostCenter string) string {
 	copsnamespace := strings.Replace(copsNamespaceTemplate, "{{ namespaceName }}", namespaceName, -1)
 	copsnamespace = strings.Replace(copsnamespace, "{{ usernames }}", renderUsernames(userNames), -1)
 	copsnamespace = strings.Replace(copsnamespace, "{{ serviceAccounts }}", renderServiceAccounts(serviceAccounts), -1)
+	copsnamespace = strings.Replace(copsnamespace, "{{ projectCostCenter }}", projectCostCenter, -1)
+	copsnamespace = strings.Replace(copsnamespace, "{{ projectName }}", projectName, -1)
 	return copsnamespace
 }
 
 const copsNamespaceTemplate string = `
-apiVersion: coreops.conplement.cloud/v1
+apiVersion: coreops.conplement.cloud/v2
 kind: CopsNamespace
 metadata:
   name: {{ namespaceName }}
 spec:
 {{ usernames }}
-{{ serviceAccounts }}`
+{{ serviceAccounts }}
+  projectCostCenter: "{{ projectCostCenter }}"
+  projectName: "{{ projectName }}"
+`
diff --git a/internal/namespace/users.go b/internal/namespace/users.go
index 8401418..4b241a6 100644
--- a/internal/namespace/users.go
+++ b/internal/namespace/users.go
@@ -52,7 +52,7 @@ func (o *Orchestrator) AddUsers() {
 		}
 	}
 
-	copsNamespace := renderTemplate(namespaceName, relevantUsers, existingServiceAccounts)
+	copsNamespace := renderTemplate(namespaceName, relevantUsers, existingServiceAccounts, namespace.GetProjectName(), namespace.GetProjectCostCenter())
 
 	_, err = kubernetes.ApplyString(o.executor, copsNamespace)
 
@@ -96,7 +96,7 @@ func (o *Orchestrator) RemoveUsers() {
 		}
 	}
 
-	copsNamespace := renderTemplate(namespaceName, relevantUsers, existingServiceAccounts)
+	copsNamespace := renderTemplate(namespaceName, relevantUsers, existingServiceAccounts, namespace.GetProjectName(), namespace.GetProjectCostCenter())
 
 	_, err = kubernetes.ApplyString(o.executor, copsNamespace)