A new transport hub will be built on the construction site at Paveletskaya Ploshchad, just outside the train station's main entrance, Interfax reported Friday.
It was to be used by LLC Paveletskaya to build a multi-functional shopping complex, but work never got underway and the land lease agreement has now expired, the Moscow Construction Committee said.
The lease will be terminated through a court procedure because investors are refusing to sign the necessary documentation, according to the construction company.
"The urban planning and land commission agreed to terminate the investment project signed in 2001, and to terminate a land lease from 2004 on 1 Paveletskaya Ploshchad, because the developer has not fulfilled its obligations," Moskomstroyinvest said.
The excavated area next to Paveletskaya train station in the center of Moscow has sat unused for years.
Moscow Mayor Sergei Sobyanin said that he would like to forget about the failed shopping mall construction project, likening it to "a bad dream", RIA-Novosti reported Thursday.
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
