MIL OSI Translation. Region: Russian Federation –
Photo by M. Mishin. Press Service of the Mayor and the Moscow Government
More than four thousand jobs will be created here.
The southern section of the former Ogorodny Proezd industrial zone in the Butyrsky District is being reorganized under the Industrial Quarters project, said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov…
“The area of the southern section of the former industrial zone“ Ogorodny proezd ”in Butyrsky district, subject to integrated development, exceeds seven hectares. Investments in the reorganization of the territory in the north-east of Moscow will amount to 10 billion rubles, the expected budget effect is 1.18 billion rubles per year. On the site of the former industrial zone, about 170 thousand square meters of industrial and public buildings will appear, more than four thousand jobs will be created, ”he said.
The decision on the integrated development of the territory of the industrial zone was made at a meeting of the City Planning and Land Commission of Moscow.
“The project will not only provide the city with new jobs, but will also transform the industrial area. There will be 95 thousand square meters of industrial and 75 thousand square meters of public buildings, for example, offices, banks, shops can appear there. The redevelopment of the territory will be completed in 2028 “, – explained the head Department of Investment and Industrial Policy of the City of Moscow Alexander Prokhorov…
The comprehensive development of the territories of the former industrial zones of Moscow within the framework of the Industrial Quarters project will allow the city to receive about 500 thousand jobs and almost three trillion rubles of budget revenues. The total investment in the implementation of projects will amount to more than seven trillion rubles.
The Industrial Quarters project allows the use of virtually abandoned urban areas. The first such agreement was concluded in Moscow in July 2020 – this is a project for the integrated development of the territory in the Oktyabrskoye Pole industrial zone on a total area of 5.92 hectares. Investments in the development of the industrial zone will amount to about 14 billion rubles, the budget effect – about 1.8 billion rubles. The project is scheduled for six years, but the investor plans to complete the construction by 2024.
In early November 2020, the country’s first auction for the right to conclude an agreement for the integrated development of territories was held in Moscow, within the framework of which the Korovino industrial zone in the north of the capital will be reorganized.
In early June, at the 24th St. Petersburg International Economic Forum, two more agreements were signed on the integrated development of industrial zones at the initiative of the copyright holder. Thanks to the Industrial Quarters project, the Korovino and Kuntsevo industrial zones located in the north and west of Moscow, respectively, will acquire a second life.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.