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New state residence may be built in Primorsky Territory


2010-03-04

There are plans to build a new state residence for Russia’s President on the Gamov Peninsula, in the Khasansky District of the Primorsky Territory. The cost of the project is thought to be €190m, and some of this money is expected to come from private investors.
The construction of the 26,500 m2 residence was mentioned in the corrected federal plan pertaining to the development of the Far Eastern Federal District between now and 2013. The document also contains information about proposed spending from the federal budget on this project. Official sources have claimed that the final decision on the construction of the residence has not been made yet.
At present, the Russian President has residences in Sochi (Bocharov Ruchey), in Karelia (Shuyskaya Chupa), in Valday, in the Novgorod Province (Dolgiye Borody), and in St. Petersburg (Konstantinovsky Dvorets).

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Construction Russia Online is the authoritative source of market intelligence for construction professionals. Reporting on news from the Russian construction market, including contractors & developers, building materials, real estate, planned investments and Ukraine construction market, this news service offers approx. 100 industry news items and features each month. Archives date from 2006, with articles covering both residential and non-residential developments, as well as civil projects.
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