Case of Demidov Business Center to be done on time with financing provided, KlaasStroy says

Demidov Business Center is being put up in one of Yekaterinburg’s streets in full accordance with the schedule; however, a number of problems have recently made the process more complicated, Director of KlaasStroy Mars Sharafulin announced in the course of a meeting at Sverdlovsk Region’s government house.

The business center in question is one of the buildings that have to be completed by the beginning of the Shanghai Cooperation Organization summit that is to take place in Yekaterinburg next year.

Mars Sharafulin reports Yekaterinburg transport and traffic committee is not prepared to approve of the center’s general layout at the moment, as this layout does not provide for enough parking lots.

‘It’s not like someone is trying to prevent the builder from doing its job, but even KlaasStroy’s employees have a hard time parking at the moment. At the same time, the company’s specification documents state that KlaasStroy was given the land allotment under the condition that the builder puts up enough parking lots for the center as well as for the nearby Drama Theater. We suggest that the developer should come up with a few solution proposals of their own,’ says Mayor of Yekaterinburg Arkadiy Chernetskiy.

‘The construction of new buildings must cater for the traffic and parking issues. We need to come up with the solution to the problem of parking lots shortage in the very near future,’ notes Governor of Sverdlovsk Region Eduard Rossel.

Mars Sharafulin says financing the project has recently turned into another problem.

‘We hope we can deal with this and will thus finish the case of the building on time, that is, in the summer of 2008,’ he adds.

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