Friday, December 2, 2022
A Russian company is planning to build the country’s first private spaceport for suborbital flights, Moscow-based daily newspaper Izvestya reports. The project’s price tag is expected to reach $40 million. The facility could be constructed on the territory of the Nizhny Novgorod Region or in Tatarstan, according to the report.  One...
Russia's Ministry of Construction anticipates that the construction industry's steady growth will halt the steep rise in building material costs, as revealed by Irek Fayzullin, the department's chief, at the Innoprom International Industrial Exhibition, TASS reports. The volumes in industrial and civil construction allow us to have a steady...
The crash of the ruble last month has led many Russians to buy real estate in a bid to protect their money, and a 31% rise in apartment sales in Moscow was observed last month, Reuters reported citing the country’s cadastre office.   A total of 14,801 sales of already built...
A large casino zone will be opened in the Black Sea Crimea peninsula next year, according to the Moscow-appointed head of the region Russia annexed from Ukraine in 2014, Sergey Aksenov. He said the project, which was first announced in 2014, has now been given the green light. The opening...
President Vladimir Putin drove across a new 12-mile bridge to Crimea in a large orange construction truck on Monday, inaugurating his latest megaproject and tightening Moscow’s claim to the disputed territory, The Guardian reported. The bridge, finished six months ahead of schedule, established a land link from Russia to the Crimean...
Russia wants to install 51 additional military infrastructure components on the Kuril Islands, according to Reuters, citing the state-run TASS news agency. Japanese territory claims part of the chain, and the territorial issue extends back to the Soviet Union's seizure of several islands at the close of World War II....
At least 7.5 billion rubles ($118.6 million) was embezzled from funds allocated to the construction of the Zvezda (“Star”) shipyard in Russia’s Primorye region, a police investigation has revealed, according to Interfax. The probe into the theft has been underway since 2014, while the shipyard has been under construction since...
The construction of a special Center for Infectious Diseases near Moscow as a part of measures to stem the coronavirus outbreak has started this week, with over 2,000 workers engaged in the project, Argumenti.ru reported. Officials in the capital say they are trying to work with the best construction firms...
For more than 25 years, Omsk, one of Russia’s largest cities, located deep in Siberia, has had an ongoing project to build a subway to serve its more than 1 million residents. After spending billions of rubles over that period, engineers have almost nothing to show for their efforts: one...
Russian Helicopters, a subsidiary of state-owned corporation Rostec, will cash in $120 million for the direct sale of 20 multi-purpose light Ansat aircraft to the Chinese Association of Emergency Medicine, the company told Kommersant. The company is negotiating a deal for the supply of another 50 helicopters to state and...