Moscow enjoying good company


Due to some indicators Moscow matches the leading major cities of the world. Traditionally, the Moscow Urban Forum released the results of the study on the largest cities of the world, conducted by the company PricewaterhouseCoopers (PwC) on the order of the city authorities.

Company experts have compared the Russian capital with the largest cities within the E7 Group of seven major emerging economies by a number of parameters that characterize the level of development of the city. These indicators include foreign direct investment, labor productivity, real GDP growth, green area, the proportion of people with higher education, Internet access, public transport network, housing, congestion of road network. The survey showed that over the past year Moscow’s position in the “club” of the largest cities have improved.

Shapochka Ekaterina Partner, Advisory, Government & Public Sector leader at PwC Russia
Most notably that Moscow has taken the top spot of the rating of the largest cities within the E7 Group of seven major emerging economies, having outrun Beijing. Moscow took first place in five of the 10 indicators used in the PwC analysis. The five indicators include intellectual capital and innovation; technology readiness; transport and infrastructure; sustainability and the natural environment; and demographics and liveability.

According to Sergey Levkin, Head of Moscow department of urban policy, who presented the results of the study, the extent and pace of construction Moscow considers as one of the highest. Due to the total area of constructed buildings per capita Moscow joined the top three with an indicator of 0.75 square meters per person, leaving behind Singapore, Tokyo and Hong Kong. There is a positive trend in the field of housing affordability.

Schaffer Martin Managing Director and CEO, PPF Real Estate Russia
The pace of road construction is also one of the highest among the studied cities. Thus, in Moscow for the period 2009-2014 the total commissioning of road network per area unit of the city amounted to 255.4 m/sq. km. The PwC report found that the tight schedule of the Moscow metro trains provides low values of coach loading, although, according to city officials, the capacity of certain stations is an urgent problem to be solved.

Moscow took a second place due to the density of rail transport, giving way only to Berlin. It is supposed that after commissioning of the MKZD (Small Railway Ring) and the Third Interchange Circuit (Second Cirle Line) of the Moscow Metro the city be able to rival the leader.

In terms of municipal improvement and planting of greenery Moscow also took the second position, giving way to Hong Kong.

For reference:

The PwC E7 Cities of Opportunity report provides a detailed, objective and timely study of the business, economic and cultural hubs of the emerging world – Moscow, São Paulo, Beijing, Mumbai, Mexico City, Istanbul and Jakarta. The report presents extensive quantitative research as well as analytical discussion on the health and well-being of each of these cities.

Stroitelnaya Gazeta