Far East | Real estate

Krokus chosen for $1.23bn pre-APEC Vladivostok project

23 Apr '09
Moscow development group Krokus has been designated the general contractor for the $1.23bn Far Eastern Federal University construction project to be carried out on Vladivostoks Island of Russky, newspaper Vedomosti reported today, citing Krokus president Aras Agalarov.

According to the company president, Krokus will develop 200 hectares of land to build the 500,000 sq. m project.

He said that construction would be completed within three years.

According to Vedomosti, the project has to be commissioned by the 2012 Asian-Pacific Economic Cooperation (APEC) summit to be hosted on Vladivostoks Island of Russky.

The University buildings will be reportedly used as a conference center and a press center during the summit.

The RF government has allocated a total of $8.4bn for the preparation for the Vladivostok event, Vedomosti added.

As the newspaper also emphasized, contractors for all most important APEC construction projects are designated as such by the RF government directly without any prior tender.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content
Latest News: Far East
8 Jun '22 | Technology & innovation | Industry, manufacturing
14 Feb '22 | Technology & innovation
1 Dec '21 | Technology & innovation
27 Oct '21 | Technology & innovation
 

Feature stories

25 May '22
From enhancing the properties of existing materials...
29 Apr '22
Scientists in St. Petersburg have come up with a new...
2 Mar '22
Scientists in Dubna have developed what they refer to...
Search (News archive - 22987)
Technology Scouting Solutions For Industry
NATT
Advertising
Marchmont News

Latest News

24 Jun '22
A new device, developed by a Russian start-up and...
22 Jun '22
Russian researchers have come up with a new Si...
21 Jun '22
Engineers at Moscow-based MPEI University have...

Most read stories from last week

24 Jun '22
A new device, developed by a Russian start-up and...