The Russian authorities are trying to impress the Russians that they should not worry about the continued rapid fall of the ruble – as assured over the weekend Economic Development Minister Alexei Ulyukayev, citizens do not relate to currency fluctuations, if they are denominated revenues and expenses. However, recent statements by the Moscow authorities deny the allegations and evidence that what is happening in the forex market can affect the lives of ordinary Russians.
The Moscow City Government on Wednesday announced the decision to suspend the construction of the metro line project from the station “Ulitsa Innovators” to the village Kommunarka located in New Moscow, due to sharp fluctuations in exchange rates. On this, as the “Interfax” , said Deputy Mayor for urban policy and the construction of Marat Khusnullin, speaking at the sixth seminar “Dialogue with investors.” Earlier it was reported that the city authorities signed a memorandum on cooperation on this project with the Chinese builders.
According Husnullina project said the construction site is in a high degree of elaboration. As noted by the deputy mayor, was transferred to the Chinese all technical documentation and tracing, the parties agreed on the cost. “We have identified cost in the region of $ 2 billion, but now because of the growth of the dollar, we have suspended the project a little,” – he said. The Russian side was planning to pay for the project rubles, and Chinese builders – in foreign currency. In this regard, the parties are reviewing the project, said the deputy mayor.
- The Moscow authorities have told about the most expensive and ambitious construction projects in the capital’s subway
Construction of Chinese investors subway line to the station “Ulitsa Innovators” to the village Kommunarka where supposed to build a parliamentary center, was supposed to start in early 2015. The Chinese company promised to build this site underground for three years. The line in question, has been increased from three to
five stations, and its length should be 12.5 km instead
nine previously assumed.
Recall the program development of the transport system in Moscow defines future costs from the city budget for the construction of metro to 2020 in the amount of 1 trillion rubles. It was assumed that private investors will invest for this purpose even 163 billion rubles. Previously announced that Chinese state-owned China Railway Construction Corporation (CRCC) and investment fund China International Fund (CIF) are willing to invest $ 2 billion in the construction of a new branch in the south-west of the capital. The intention to invest about 40 billion rubles, and the company reported Vadim Moshkovich “Zoom”.
According to forecasts, by the end of 2020 the length of the Moscow subway lines will increase by half – to add more than 160 km of lines and 78 stations. It is assumed that the most expensive line will be the third interchange circuit (TPK), which form the second ring of the Moscow subway – it will spend about 380 billion rubles. Among the major projects – the Kalinin-Solntsevskaya and Kozhuhovskaya line and plot Lublin-Dmitrov line. Will be revised and how construction projects of other branches, other than the construction of which took the Chinese, is not yet clear.
Memorandum of Understanding with the CRCC and CIF investment fund in the amount of $ 2 billion Moscow authorities signed in May. However, in September the magazine Forbes unveiled the facts calling into question the reputation of the fund CIF and its owner – a resident of Hong Kong, Xu Jinghua, better known by the name of Sam Pa.
Told reporters anonymous expert on Asian investments, created in 2003 CIF fund participates in projects where the direct participation of official structures undesirable “and investment processes should be hidden from the outside attention.”
The owner of the CIF is a group of private investors to Hong Kong, which is often called the 88 Queensway Group – at the headquarters in Hong Kong, where registered three dozen associated with fund companies. The Western press refers to a syndicate of more than 60 companies registered in the seven countries mentioned in the article. 99% of the shares owned by the fund CIF Dayuan International Development Limited, located at the same address, and the 1% – for business lady Lo Fung Hung.
Personality Xu Jinghua mysterious, noted Forbes, – he hides his appearance, and his name does not appear in official documents. According to the magazine The Economist, Sam Pa was in Baku, where he met with students of the Azerbaijan Institute of Oil and Gas, the future President of Angola Jose Eduardo dos Santos and his supplier was a guerrilla units during the civil war in Angola. It started with Angola fund expansion in Africa, the magazine notes. However, a source Forbes denied, saying that Sam Pa Baku never studied in Russian and speaks hardly familiar with Santos and top officials of other states.
In this case, the article says The Economist, CIF fund in any of the countries did not implement any of the promised infrastructure projects. In 2009, the CIF has become the object of investigation of the US Congress because of his support of Robert Mugabe – President of Zimbabwe, against which the West imposed sanctions.
The source said Forbes in the developer environment, the Finance Ministry does not recommend the Moscow government to cooperate with the fund, however, the government did not listen.
Links:
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Information Internet Resources
Dossier NEWSru.com:
Moscow // // The Metropolitan Building
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