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MIL OSI Translation. Region: Russian Federation –

Source: Moscow Government – Moscow Government –

In Moscow, an undeveloped territory located in a closed joint-stock company is being reorganized. This is the first urban site, the right to develop which will be put up for auction as part of the integrated development of undeveloped areas – a new type of development site. This was announced by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

Integrated development of undeveloped territories applies to land plots owned by the city or state ownership of which is not demarcated. At the same time, they must be free from the rights of third parties.

“In the near future, the city plans to put up for auction the right to comprehensive development of an undeveloped area on Starovolynskaya Street with an area of 7.94 hectares. Investments in redevelopment of the site could amount to almost 100 billion rubles, and the annual budget effect could be about two billion rubles. The implementation of the project will create at least four thousand jobs in the Fili-Davydkovo region,” noted Vladimir Efimov.

Not far from this site there are metro stations and the Minskaya station of the fourth Moscow Central Diameter (MCD-4). The natural reserve “Valley of the Setun River” is also located nearby.

“It is planned to build a modern city block on the site, where 150 thousand square meters of housing and public and business facilities of the same area will be built, necessary for the comfortable living and work of citizens. In addition, all the necessary infrastructure will appear on the site, including office centers, shops, restaurants, cafes and bank branches,” said the Minister of the Moscow Government, Head of the Moscow City Property Department

Maxim Gaman.

As part of the program for integrated development of territories, multifunctional city neighborhoods are being created, where comfortable housing, roads, and all the necessary infrastructure will be built on the site of former industrial zones and inefficiently used sites. Currently in Moscow there are 228 projects of the integrated development program for territories with a total area of about 2.7 thousand hectares at various stages of implementation.

More information about economic policy and property and land relations in Moscow can be found on the website economy.mos.ru

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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

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