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Moscow To Spend $1bln On Developing New Territories In 2013
27.08.2012 11:20
Moscow To Spend $1bln On Developing New Territories In 2013
The New Moscow territories (Source:

Over 2011 and 2012 Moscow has grown significantly: many previously suburban districts have now been added to the capital. The New Moscow plan has come into force in July 2012: it will see Moscow growing 2.5 times through new territories acquisition in the west and south-west of Moscow Region. Three districts - around the luxurious Rublevka and Uspenskoe Highway and the innovative Skolkovo - will become new separate municipal creations. 

      The vice-mayor of Moscow explained that the impressive $1bln will be divided between various sectors: less than 10% will go towards the social infrasctructure, around 10% - towards transport, and well over %10 - towards engineering projects. The money is reported to have been "saved" through the auctions.  

Author: Julia Shuvalova

Tags: Moscow Moscow Region Russian business   

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