| 2007-03-16 |
Published: Regions.Ru |
ITERA-Invest-Stroy LLC (developer business unit of ITERA Oil and Gas Company LLC) has signed a cooperation agreement with administration of Sokolovskoye township municipal formation of Solnechnogorsk district, Moscow region.
Roman Lysen’, ITERA-Invest-Stroy LLC Deputy General Director commented that the agreement had laid the groundwork for commencement of a new developer project in Moscow region. A construction of villa community is planned to be initiated in the near future on the land owned by Sokolovskoye.
Marina Veremeyenko, Administration Head of Sokolovskoye township municipal formation noted that cooperation with a subsidiary of a renowned oil and gas company meant an important event, which would contribute to development of the area, as well as social and everyday life of the local community.
“Today, the investors made us a gift of a fire truck and an ambulance. I am sure it is going to be the first step in a long-term and fruitful cooperation”.
A reporter of Regions.Ru was told by ITERA-Invest-Stroy officials that under the agreement the company was to implement a number of social programs. First and foremost, the developers will repair boiler units and power substations, recreational facilities in the villages of Lopotovo, Sokolovo, Lytkino. The unfinished construction of a household services center will be completed. All in all, ITERA expects to spend 100 million rubles on social programs to be implemented in Solnechnogorsk district.
Cooperation with Sokolovskoye came as a logical continuation of another project in Moscow region. ITERA-Invest-Stroy is already building a villa community in Istra region. According to Roman Lysen’, a picturesque lakeshore area at the village of Lobanovo has been selected to accommodate 650 two-storey cottages, a comprehensive school, a kindergarten, a hypermarket and a health and fitness center. The estimated cost of the project is 7 billion rubles. ITERA-Invest-Stroi has plans to complete the work by Q4 2009.
Coming into being of the second project in Moscow region demonstrates that in addition to Moscow real estate investments planned to exceed 1 billion rubles within the next five years the company decided to take strong positions in Moscow region.
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