VTB Bank will provide 9 billion for redevelopment of the ZIL plant in Moscow

VTB Bank will provide 9 billion for redevelopment of the ZIL plant in Moscow


The head of VTB group Andrey Kostin reported that the company is willing to provide developer funding for the construction and development of sports-entertainment city “Park of legends” on the territory of the ZIL.

MOSCOW, 16 Oct. VTB Bank will provide 9 billion rubles for redevelopment of the ZIL plant in Moscow, said the head of VTB group Andrey Kostin, speaking at the Moscow urban forum.

“We have allocated 9 billion roubles to the developer for further development and expansion of the territory of ZIL”, — he added.

Sports and entertainment city block “Park legend” located on the territory of 25 hectares. The total area of all the buildings will be 425 thousand square meters. The main objects, apart from the Ice Palace, will be the water sports complex holds a synchronised swimming centre and the Museum of hockey. In addition, provides for the development of the transport network, tourist construction, office and exhibition infrastructure.

The Builder of the Ice Palace on 69 thousand square meters was made by LLC “UK ten-development”, General contractor — SC “Moscone”.