20 historical buildings in Moscow saved due to "1 ruble" lease program

13 February 2018


20 historical sites in Moscow were leased under the city program "1 ruble for 1 square meter" requiring the investors to restore the rented items within 5 years. An investor can rent the facility at a reduced rate for 49 years, but only after the repair and restoration works have been completed. 9 cultural property items are currently leased at a preferential rate; 11 items are being restored.