Translartion. Region: Russians Fedetion –
Source: Moscow Government – Government of Moscow –
In TiNAO, a land plot of almost one hectare, which was previously provided to an investor for the construction of a production and warehouse complex, will be brought into economic circulation. By a court decision, the city terminated the lease agreement with the entrepreneur, since he did not develop the site and did not begin construction. This was reported by the Minister of the Moscow Government, head of the capital’s Department of City Property Maxim Gaman.
“The capital provides investors with land for the implementation of various projects, taking into account the already existing development of the area and the needs of residents. The use of land with violations does not allow the development of the capital’s infrastructure and the creation of jobs. Thus, the city decided to terminate the lease agreement for a land plot of almost one hectare near the LMS settlement of the Voronovo district, this decision was supported by courts of several instances. Thanks to this, the land will be involved in economic turnover,” said Maxim Gaman.
The land was provided for the construction of a production and warehouse complex about 10 years ago, but construction never began. Instead, the entrepreneur placed non-capital facilities on the site and operated them, violating the terms of the lease agreement.
By involving land plots in economic circulation, the city creates conditions for business development and implementation of investment projects. As a result, the urban environment improves and jobs are created.
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