Support The Moscow Times!

Federal Facility in Expanded Moscow to Cost Less

The construction of a new government complex on land annexed into Moscow last year is expected to cost 110 billion rubles ($3.6 billion), much less than the previous estimate of 420 billion rubles, Vedomosti reported, citing proposals put forward by the Cabinet.

The plan calls for the relocation of 54,000 employees and the construction of new government facilities on 1.1 million square meters. Buildings left vacant after the move would be sold.

Under the new plan, federal legislative and judicial authorities and law enforcement agencies will not have to move.

According to the plan, the land allocated for the government complex will be transferred to a special-purpose company, which will use the property as collateral for loans to fund construction.

(MT)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.