Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Donstroi Project Cost Up to $1.9Bln

Donstroi's enormous development project "Heart of the Capital" will cost about 69.7 billion rules ($1.9 billion), Vedomosti reported.

The company had said last summer that the project, which will include 635,000 square meters of space along the Shelepikhinskoi waterfront, would cost 55 billion rubles. A representative from the company said last week that the estimated amount of investment for the development is now "fully calculated."

Plans for the area, measuring 14 hectares located 2 kilometers away from the Moscow City financial center, will include more than 500,000 square meters of business-class housing and 40,000 square meters for public use. Donstroi said construction would take place in three phases, beginning this spring and ending in 2019.  The estimated cost of a residence in the development is 5.8 million to 8.9 million rubles.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more