Igor Albin, vice-governor of St. Petersburg: "St. Petersburg is ready to offer foreign partners indisputable advantages of conducting business in Russia's Northern Palmyra".

– St. Petersburg traditionally participates in the biggest International Real Estate and Investments exhibition, MIPIM, which 4 thousand investors from 90 countries-participants attend annually. This year, our city will be represented with a separate pavilion along with Paris and London, and will be a single site of the Russian Federation in the exhibition Cannes.

In a complex economic situation, competition for investors between the country and world regions escalates, and St. Petersburg is ready to offer foreign partners indisputable advantages of conducting business in Russia's Northern Palmyra. Within the business program, there is planned a number of meetings with international companies that are considering the possibility of cooperation with St. Petersburg in different industries. We intend to enhance target-focused work with European business and present to large companies and investment funds a number of city’s investment projects in the field of transport infrastructure, integrated urban development, health care, congress & exhibition and hotel infrastructure, innovations. Within the business program, the participants will present their vision of the effective urban development, and investment agreements aimed at the development of the region economy will be signed.
Because of the stance of Georgi Poltavchenko, Governor of St. Petersburg, on conducting an effective economic policy and improving the conditions of business practice, St. Petersburg remains now one of the most attractive Russian regions for foreign investors. This is confirmed by the statistic of direct foreign investments. At half-year end 2015, the city economy received $2.7 bln, which is by 24.9% greater than the same period value in 2014. In the first nine months of 2015, foreign investments amounted to 5.3 billion USD. Our indicators of work with foreign investments look convincing. The positive dynamics of investment flow proves investors' confidence in St. Petersburg and is a sign of the investment policy efficiency by the city government.
An integrated approach to stimulating investment activity within the region will be increasing, while attention to investors will be growing. St. Petersburg is actively using different mechanisms of investment activity support which include the provision of tax exemptions to investors, as well as real estate lease discounts, support to investors in the arrangement of debt financing of investment projects, and project single-window management.
Foreign investors point out that it is getting easier to conduct business activity in St. Petersburg. We are interested in maintaining effective mutually beneficial relations with European companies and we are currently developing a law on the protection of foreign investors’ rights in St. Petersburg which will allow us to provide additional guaranties to companies that enter our market. I am sure that the holding of the international exhibition of real estate professionals will strengthen the mutually beneficial relations with our foreign partners and become an efficient tool for attracting investments into the industries of city economy, will give a start to the implementation of interesting projects and creation of new jobs, and eventually will contribute to the increase in the quality of Petersburgers' life and promote our city's economic potential.
I wish all the exhibition participants fruitful discussions and new successful projects!

Prospective Investment Projects

Comprehensive transformation of the territory of Apraksin Dvor
Comprehensive reconstruction of cultural heritage sites. Creation of a public space where businessmen and artistic unions will get an opportunity to implement their business and art ideas.
Current status: the start of a part of real estate facilities reconstruction on the territory of the historical quarter.
Approximate volume of investments: 240 million USD.

Project on creating an industry of sewage sludge processing
Construction of two lines of sewage sludge incineration, creation of organic and mineral fertilizers production and building mix filler production. The implementation of the project will enable non-waste process of effluents treatment, complete termination of effluents treatment waste (sludge and ashes) landfilling.
Current status: pre-project development stage.
Approximate volume of investments: 99 million USD.

Baltic Pearl transfer hub
A combination of existing and planned facilities of transport infrastructure – the Baltic Pearl Petersburg underground station under construction, the planned stop of the express tramway, a pedestrian underpass, intercept parking facilities and stopping points of bus routes.
Current status: pre-project development stage.
Approximate volume of investments: 35 million USD.

Red Triangle project
Development of the territory of the former Red Triangle rubber plant on the embankment of Obvodniy Canal. The plant is industrial heritage.
Current status: pre-project development stage.
Approximate volume of investments: to be defined.

Light rail express tram on the Kupchino – Pulkovo route
The line is regarded as the first stage of the development of light rail transport in the southern planning area. The light rail line will connect Pulkovo Airport and the Kupchino underground station; further on, to increase social significance and economical efficiency of the project execution, it is planned to extend the light rail tram line to ExpoForum.
Current status: works on project documentation development are completed.
Approximate volume of investments: 450 million USD.

Southern bus station
The station will be a complex of buildings and structures – a bus station building, a room for baggage check and passengers screening, a ticket hall, a waiting room, bus platforms, a multi-level trade & entertainment complex.
Current status: pre-project development stage.
Approximate volume of investments: 19.7 million USD.

Lenfilm-Park film and media space
On the base of Lenfilm film studio, it is planned to create four zones combined into a single film and media space – film production, public & business, interactive and adventure theme park.
Current status: determination of a land plot most appropriate for implementing the project.
Approximate volume of investments: 80 million USD.

Latitudinal highway with a bridge over River Neva
The route of the new city highway will go through an industrial belt of the southern planning area along the Northern railroad semi-ring on the territory of Krasnogvardeysky, Nevsky, Frunzensky, Moscovsky and Kirovsky districts. A bridge over the River Neva is provided for in line with Zolnaya and Fayansovaya streets.
Current status: pre-project development stage.
Approximate volume of investments: 2.3 billion USD.