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MIL OSI Translation. Region: Russian Federation –

September 21, 2021 2:26 pm

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Photo by D. Grishkin. Press Service of the Mayor and the Moscow Government

The first tenders for the right to preferential lease are planned to be held in 2022.

The Moscow government has approved the procedure for granting rental benefits to investors who invest in capital repairs or reconstruction of public sports facilities that are in city ownership. The corresponding decree was signed at a meeting of the Presidium of the Moscow Government Sergei Sobyanin.

The list of sports and recreation complexes, swimming pools of other city sports facilities that require major repairs or reconstruction will be determined by the Moscow Department of Sports. Design and estimate documentation for the necessary work will be developed at the expense of the city budget.

The right to lease sports facilities will be played out at the auction. They will set the rates of rent credited to the city budget. The minimum rate is 4750 rubles per square meter per year.

In this case, the winner of the auction will undertake to carry out major repairs or reconstruction of the facility at its own expense. In the future, he will also have to use it for its intended purpose – for sports activities. If these conditions are met, the investor’s expenses will be offset against the rent.

The term of the preferential lease will be 25 years, of which no more than two years are allotted for major repairs (the reconstruction period is determined by the design and estimate documentation).

It is assumed that the first tenders for the right to preferential lease of sports facilities in need of major repairs or reconstruction may take place in 2022. The first pool of facilities offered to investors may include up to 10 sports facilities.

The implementation of the preferential lease program will allow attracting off-budget investments in the development of the sports infrastructure of Moscow and thereby expanding opportunities for the city’s residents to engage in physical education and sports.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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