20.12.2019, 07:38
China Railway Corporation Is Interested in Participating in Moscow Renovation
Source: OREANDA-NEWS
OREANDA-NEWS. The CRCC Real Estate investment unit of the Chinese corporation China Railway Construction Corporation (CRCC) sent official appeals to the Moscow Mayor's Office in which it expresses its interest in purchasing a privatization 49.68% stake in Mosproject JSC. Copies of letters sent in late November and early December to Moscow Mayor Sergei Sobyanin, Deputy Mayor for Urban Policy Marat Khusnullin and the head of the Department of Foreign Economic and International Relations of the Moscow City Hall, Sergei Cheremin, are at the disposal of RBC.
Ivan Van, Deputy Director of the Foreign Business Department at CRCC Real Estate, confirmed to the Russian media that the company is interested in buying a stake in Mosproject. Interest from Chinese investors was confirmed by Alexey Shepel, a member of the board of directors of Mosproject. The press service of the Department of Foreign Economic and International Relations of Moscow could not clarify whether the appeal was received by the office.
The main activity of Mosproject is design work both for state orders and for private entities. In 2018, the company finalized project documentation for residential buildings under the renovation program in Moscow, designed educational facilities, hospitals and Orthodox churches, as indicated in its annual report.
Ivan Van, Deputy Director of the Foreign Business Department at CRCC Real Estate, confirmed to the Russian media that the company is interested in buying a stake in Mosproject. Interest from Chinese investors was confirmed by Alexey Shepel, a member of the board of directors of Mosproject. The press service of the Department of Foreign Economic and International Relations of Moscow could not clarify whether the appeal was received by the office.
The main activity of Mosproject is design work both for state orders and for private entities. In 2018, the company finalized project documentation for residential buildings under the renovation program in Moscow, designed educational facilities, hospitals and Orthodox churches, as indicated in its annual report.
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