It is like Manhattan at the Moskva River and it is getting more and more pretentious. The Moscow International Business Center project formally known as the Moscow City project is the symbol of the new, newly rich Russia. A construction site in the middle of Moscow is the origin of ritzy skyscrapers and luxury apartments. The goal of Moscow IBC is to create the first zone in Russia (and in all of Eastern Europe) that will combine business activity, living space and entertainment. It will be a city within a city. The project was conceived by the Moscow government in 1992. The construction of Moscow IBC takes place on the Presnenskaya embankment. The whole project takes up one square kilometre. This territory is the only spot in downtown Moscow that can accommodate a project of this magnitude. Today, most of the buildings there are old factories and industrial complexes. The total cost of the project is $12 Billion.

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