The second largest state-owned construction company in China “China Railway Construction Corporation Limited” (CRCC) became interested in the construction of modern residential complexes in the Stavropol City
The leadership of Stavropol region, Russian Investment Agency and the Chinese developer China Railway Construction Corporation Limited (CRCC) discuss the possibility of building several residential complexes in the Stavropol city. The project provides for the development of the territories of the Stavropol city, namely, three districts located on the borders of the existing buildings in the northern, southern and southeastern parts of the city.
The new residential areas of the city will be fully provided with engineering, social and transport infrastructure, total volume of 7.5 million square meters of multi-story buildings and low-rise buildings in accordance with the Development Strategy of the Stavropol city adopted by the Stavropol City Duma (Resolution №869 dated 24.06.2016).
Alexander N. Lyakh, Advisor to the President of the Russian Investment Agency:
“At November 29-30, 2019, our Chinese partners met with the leadership of the Stavropol Region and visited two project sites of the investment residential areas “Gubernia” and “Yuzhny Grad”. CRCC representatives are seriously interested in the project, are studying its concept, while possible investments in the project are still under discussion.”.
Following the results of the official visit of the Chinese partner CRCC to Stavropol the leadership of Stavropol signed a Protocol and a Working Group has been formed whose tasks include all issues of the project implementation.