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Former Industrial Zones to Be More Intensively Redeveloped

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The redevelopment project terms for Moscow former industrial zones have been reduced. The Moscow Government has adopted the resolution "On Measures to Implement Projects for Integrated Nonresidential Area Development in Moscow", which enables faster conclusion of contracts with investors willing to develop these areas.

The projects for integrated area development of former industrial zones will create 500,000+ jobs in the city, the total project investments will amount to about RUB 7 tn, almost RUB 3 tn will go to the Moscow budget.

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