The Investor and the Construction Customer of Large Administrative and Business Centre in St.-Petersburg will be Gazprom Neft Invest LLC

JSC Sibneft has founded a 100 percent affiliate - Gazprom Neft Invest LLC - which will act as the investor and the construction customer of large administrative and business centre in St.-Petersburg. Let’s note that construction is stipulated by the Memorandum on Cooperation which was signed by the head of Gazprom Aleksey Miller and the governor of St.-Petersburg Valentina Matvienko last year

The legislative assembly of St.-Petersburg on March 29, 2006 has passed the law on the target program of St.-Petersburg which contemplates the construction of administrative and business centre with the cost of about 60 billion rubles in the Krasnogvardeisk district of the city It is expected that the decision on carrying out of qualifying competition among architects will be adopted on June 9 at the first session of the competition commission which will be held in St.-Petersburg. Further it is planned to involve representatives of the public in the discussion of the project and to declare the tender of the short-listed architectural designs.

In September the tender for preparation of the ground for construction may be declared. In the first half of next year the construction may begin Completion of the administrative and business centre project is planned for 2012.