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Construction and Renovation

25.09.2015, 16:25

Investors fund over 1,500 construction projects in Moscow in 2010-2014

Investors fund over 1,500 construction projects in Moscow in 2010-2014

In the past few years, investors have been contributing actively to Moscow construction projects.

Investor-funded projects accounted for 83 percent of the sum total in the past five years, said Sergei Lyovkin, Head of the Moscow Department of Urban Development.

In 2010-2014, investors financed over 1,500 construction projects with a total area exceeding 27 million sq m.

Mr Lyovkin said the dynamics were positive for housing construction and education and health and sports facilities. A total of 4.9 million sq m were commissioned in Moscow in 2010, 5.8 million in 2011, 6.5 million in 2012, 7.1 million in 2013 and 7.9 million in 2014.

Previously, Deputy Mayor for Urban Development and Construction Marat Khusnullin said that 5.9 million sq m of real estate would be commissioned judging by the results of the first nine months of 2015.