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St. Petersburg reconstruction is estimated US $ 125 billion
20.08.2012 17:14
St. Petersburg reconstruction is estimated US $ 125 billion


The program of reconstruction, restoration and maintaining the historical center of St. Petersburg is estimated 4 trillion Rubles ($125 billion), says Georgy Poltavchenko, the Governor of St. Petersburg.


The program of reconstruction is divided into several stages. At the moment only 7 quarters of the city is under consideration.


In the period of 2013 – 2018 about 69 billion Rubles will be allocated from the city budget for reconstruction of the quarters Kolomna and Konushenskaya Square. The reconstruction of other five quarters will demand about 360 billion Rubles, 200 billion will be allocated by the city budget, other means will be funded by federal and private investors.




Author: Irina Fomina

Tags: St. Petersburg business investments in Russia    

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