Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
At the XXVIII St. Petersburg International Economic Forum, the Moscow Government signed an agreement on interaction and development of cooperation in the sphere of implementation of integrated territorial development projects (ITD) with PAO Bank PSB. This was reported by the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy Vladislav Ovchinsky.
“The agreement that the city signed with one of the largest banks, PSB Bank, will be valid for 10 years. We expect that the result of our joint work will be an increase in the availability of loans and the attraction of bank guarantees in accordance with the requirements of the agreement on KRT. Banks – partners of the program for the integrated development of territories will provide investors with financing at all stages of project implementation. It will be available to both capital companies and regional developers,” noted Vladislav Ovchinsky.
The main goal of the city’s cooperation with banks in the urban development sphere is to create favorable conditions for investors participating in the implementation of KRT projects. Thus, investors receive support not only from the city, but also from large financial organizations.
According to the program of integrated development of territories, multifunctional city blocks are being created, where roads, comfortable housing and all necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of development and implementation in Moscow. This work is being carried out on behalf of Sergei Sobyanin.
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