Renovation program. Key effects and risks of Moscow`s main mega-project
Moscow’s government launched in summer 2017 a program aimed at renovating the obsolete housing. Over the course of ten years, Moscow will see over 4, 5 thousand 50-60-year-old houses demolished an over 20 million square meters of new housing constructed, which is expected to improve the living conditions for 1, 5 million Muscovites. Apart from the housing issue, the program implements new standards of comprehensive design and urban exploitation. However, the key housing mega-project is challenged by citizens, businesses and media.
? What are the main effects and risks of the renovation program for Moscow’s development market?
? What challenge will the renovation bring about for Moscow’s economy and infrastructure?
? What urban issues will it tackle?