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February 22, 2022, 07:05

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The project is being implemented under a concession signed last year.

In two years, the investor will reconstruct the building on Bagritsky Street into a modern boarding school for the elderly. The project will be implemented under a concession signed last year, said Deputy Moscow Mayor for Economic Policy and Land and Property Relations Vladimir Efimov.

“The city handed over to the investor a building in the Mozhaisk district with an area of ​​three thousand square meters. Here, the company will create a world-class geriatric center under a concession agreement signed last year. The center is designed for at least 100 places for living and permanent care for the elderly. It will be equipped with all the necessary equipment, taking into account the peculiarities of life, health and the needs of the elderly,” said Vladimir Yefimov.

The Deputy Mayor of the capital stressed that the project would not require funds from the city budget, but the future geriatric center would remain the property of Moscow.

The concession agreement was signed for 20 years. It is assumed that the investor will carry out reconstruction in two years, and then for 18 years will provide patient care services.

“The commissioning of the center is scheduled for 2023. The concessionaire will carry out the maintenance of the center, its current and major repairs. It is important that a new social facility of this type will appear within the city: this will enable relatives to save time on the road and visit their loved ones more often,” said the head

Department of Investment and Industrial Policy Alexander Prokhorov.

According to Aleksey Sidnev, general director of the investor company, the center will help improve the quality of life of older Muscovites with poor health and serious chronic diseases. They will be able to live in the center as independently as possible, maintaining dignity, interest in life and at the same time receiving the necessary medical care around the clock.

A concession is an agreement whereby a business creates or renovates property that is or will be owned by the city. This form of public-private partnership makes it possible to equally take into account the interests of business and the city. As a result, Moscow has a new functioning facility, and the investor receives income from its operation during the entire term of the agreement.

At present, Moscow has concluded seven concession agreements, the total investment in them will be about 120 billion rubles. The city signed four concessions with a total volume of about 40 billion rubles last year. So, in addition to the geriatric center in Moscow, another modern social facility will appear – a general education school in the Skolkovo innovation center. According to Artem Barashev, director of the City Investment Management Agency, two more agreements have been signed in the housing and communal services sector: under the first one, the investor will create plants for thermal drying of sludge generated in the wastewater treatment process, and the second provides for the construction and operation of facilities where they will extract from sewage nitrogen and phosphorus.

The Moscow International Oncology Center was established under previously concluded concessions, and the construction of the northern understudy of Kutuzovsky Prospekt is underway. In addition, a cable car will be built between Skhodnenskaya and Rechnoy Vokzal metro stations.

More information about the economic policy and property and land relations of Moscow can be found at site.

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

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