Moscow authorities announced a competition to select the investor in the zone «Expo» at ENEA

© RIA Novosti / Maxim Aminosculpt Vera Mukhina worker and collective farm girl from the all-Russian exhibition centre. Archival photoMoscow authorities announced a competition to select the investor in the zone «Expo» at ENEA© RIA Novosti / Maxim Blinov

Moscow authorities announced a contest to determine the investor updated of the Congress and exhibition centre of Moscow, which will be created on the basis of the exhibition center «Expo», is spoken in the message of the Moscow Department for competition policy.

«The project is expected to attract private investment of more than 22 billion rubles,» — confirmed in a press release.

The application of the open competition will run until 21 December 2017. The total area of the renewed Sokolniki exhibition and Convention centre Moscow will be more than 320 thousand square meters and will include the concert and Congress complex with a capacity of 4 thousand people and exhibition halls with a total exhibition area of 63 thousand square meters, stated in the materials.

Preservation of the architectural appearance of the exhibition is a prerequisite for the investor applying for implementation of the project. According to the concept, the development zone «Expo» will be held on the basis of existing pavilions and surrounding areas. In the framework of the project, and large-scale optimization of traffic flows, including the creation of more than 2 thousand additional Parking spaces, added in a statement.

It States that special attention will be paid to cultural heritage sites, a number which will be located in the future complex. Previously restored arch of the Northern entrance, which at the end of the 1930-ies served as the main entrance to the Exhibition, after the implementation of the project will be blended into the exhibition area.

In Moscow held a large-scale reconstruction of the Soviet era. Earlier the mayor of Moscow Sergei Sobyanin reported that the main works will be completed in 2020.