Lowering administrative barriers improves investment climate


Over the last five years investors have built schools and kindergartens for more than 13 thousand children in Moscow.

This was announced by the Head of the capital’s urban policy department Sergey Levkin on May 23.

According to him, the major urban planning concept today is a continuous search for a balance between the three “participants” of the city life: residents, investors and the city itself.

Shapochka Ekaterina Partner, Advisory, Government & Public Sector leader at PwC Russia
“Nothing can be done without this balance,” said the Head of department, “Major cities cannot exist and develop without the involvement of private investors”.

We treat investors not only as people with money, but as our partners.

According to Levkin, the capital gave permits for construction of 30 million square meters of real estate. Of these, 80-90 % was given for investor’s construction projects. The city policy and the high pace of construction are advantageous to investors.

However, problems still exist, one of them are administrative barriers.

“To solve this problem Moscow has made a major breakthrough, I mean transfer of state services to electronic format, digitization of data on all underground utilities,” said the Head of the department, “This affects the speed of production activities of investors”.

He stressed that finding investments in Moscow real estate development at all costs is not the task of today.

“The city is developing successfully only if it focuses on people,” said Levkin, “A resident should have opportunities for comfortable rest, education and work. Major cities should have recreational and cultural areas, educational, sports and medical facilities. It is not easy to create such infrastructure. But that’s how a smart city is created”.

Vechernyaya Moskva