RUSSIA – EBRD
October 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to sink US$90 million into transforming a dilapidated Moscow shopping landmark into a modern retail complex. The Detsky Mir children's store block dates back to Soviet times and, said the bank, "has not been properly maintained and is currently in a very poor condition". Under its part-financing of a US$157 million project, the Detsky Mir mall would be renovated and expanded, adding another 79,000 square metres of space to the shopping centre.It will target Moscow's ...
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