Moscow authorities have canceled more than 200 investment contracts

MOSCOW, August 23 – RIA Novosti. More than 200 investment contracts terminated in Moscow, most of them were connected with the construction in downtown, said Mayor Sergei Sobyanin at a meeting of the city government on Tuesday. Earlier Sobyanin, actively took up the solution of traffic problems in Moscow, has identified a number of new principles of urban planning policy, under which new construction is prohibited in the capital, investment contracts that interfere with traffic, divorced, with a simplified working environment for investors, reducing the number of approvals for projects. "As a result of urban land commission made ​​a decision on the dissolution of more than 200 contracts, of which a considerable portion – in the heart" – said the mayor. Sobyanin said that halted construction for more than 2 million square feet of retail, office and other areas. "Of these, 1.5 million, we stopped at all, 0.5 million square meters of built-up diminished volumes in the investment," – said the mayor. He gave instructions to "continue this work to continue." Earlier Sobyanin said investment contracts entered into with the city extend to 40 million square meters of real estate, their total number is 1.173 thousand.