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03.03.2010On the 21st of January “Rosimuschestvo” began abolishment of the goods withdrawn from Cherkizovsky market closed on the 29th of June 2009 due to the breach of sanitary code and fire safety.
By estimate 100 000 tons of goods (clothes, shoes, textile and leather accessories) are to be annihilated. Meanwhile construction of a new trade warehouse “China town” began in the area of Lubertsy (Moscow region). In prospect it should replace the closed market.
There is no precise information either about the terms of the construction or about its investors. According to one source, there will be trade and logistic centers, customs and sanitary points, a Federal migration service department and a hotel. The construction is financed share and share alike by Russian and Chinese government. The head of Moscow consumer market and services department Vladimir Malyshkov reports that two lots were assigned for this project, one being 40 hectares and the other – 60, both situated away from the zone of mass building.
China in its turn will invest 1 billion US dollars. According to another source, the Chinese investor is state enterprise “Guanda”, and the Russian one is the head of the company AFI Development Lev Levayev. The total investment is estimated 700 million US dollars. It is said that the object will represent just a huge market. “China town” is due to start its work in 2011 with an estimated annual turnover over 6 billion US dollars.
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