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In St. Petersburg a business center with a tax free zone will be built for 163 million euros.

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In St. Petersburg a business center with a tax free zone will be built for 163 million euros.

At the St. Petersburg economic forum on the power of the northern capital, which opened today, a construction project for a business center with a tax free zone for 163 million euros was submitted to investors.As Construction.ru reported via the press service of the forum, the construction site of the new convention and exhibition center, with offices, shops and hotels, is located on 9.7 hectares near the air terminal Pulkovo-2, which was closed in 2014. This area will become a buffer for the air border of Russia - foreigners will be able to stay there without a Russian visa for 72 hours, but to get there from St. Petersburg you will need to have a passport. The project, worth 163 million euros, is planned to be realized by 2020. Pre-drafting documentation will be ready by the end of 2015, then at the beginning of 2016 the authorities will make the decision on the construction. If it is a ‘yes’, the committee will start looking for investors for this project. The designers have promised to keep the old buildings of the air terminal, built in 1951. The destiny of two pavilions from the 1970s/1980s has not been solved yet. The international terminal of St. Petersburg is now working with Pulkovo-2 only for the reception of business aircraft - since the spring of 2014, all other flights have been transferred to the new modern terminal.

 


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