Concessions
Come into Social Sphere

An investor will reconstruct a four-storey building of 3,000+ square meters in the Bagritsky Street. It will provide at least 100 places for accommodation and permanent care for the elderly. The boarding house will be equipped with all the necessary facilities taking into account the peculiarities of life, health and needs of the elderly.
This type of public-private partnership - a concession - provides an opportunity to develop socially important infrastructure using the investors' funds. In this case, the state receives a functioning facility with a title to it, and the business receives revenues from services provide for a certain period of time. The total volume of such projects in Moscow exceeds RUB 60 bn. For example, the cableway between the Skhodnenskaya and Rechnoy Vokzal metro stations will be built under concession terms.

Now concession agreements will also cover the social sphere: the investor will create a gerontological center in Mozhaisky subdistrict of Moscow. The investments in creating and equipping the boarding house for elderly citizens will amount to about RUB 500 m. The project does not employ any city budget funds, while the future boarding house will remain the city property. The tender terms require from the not only to reconstruct the facility, but also to equip it with modern amenities. Moreover, the investor will carry out facility maintenance, repair and overhaul.
THE INVESTMENTS IN ETABLISHING AND EQUIPPING A BOARDING HOUSE FOR THE CITY'S ELDERLY WILL BE ABOUT
RUB 500 M
— For information —
One bid was submitted for an open tender for the right to enter into a concession agreement. The sole bidder is currently Senior Group PM LLC, and the concession agreement is being negotiated. If a potential investor meets all the requirements, the concession agreement will be concluded for 20 years.
E-mail: pressprom@mos.ru
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