Park Palace apartment complex in Kaluga began to build a Korean company budget of over $ 500 million


May 5, Kaluga ceremony of laying the foundation stone of a housing complex "Park Palace". Korean SsangYong Engineering Construction Co. (SsangYong EC) has launched its first Russian project — the construction of a large complex of apartment buildings Park Palace in the district of the Right Bank in Kaluga, told "Interfax" with the ceremony of laying the foundation stone of the complex.

"With a budget of more than $ 500 million over the next five years, we will create a set here, the likes of which neither in Russia, nor in Kaluga," — said during the ceremony, President SsangYong EC Kim Sok June.

According to him, the construction area will cover 19 hectares on the right bank of the Oka River. It is planned to build 16 buildings in height from 8 to 22 floors with more than two thousand apartments. The first two at home, at 8 and 17 floors, is planned to be by 2014.


Sok Kim Joon said that the talks about the coming of the corporation in the Kaluga region lasted for several years. "The deciding factor was the rapid development of regional economy. Kaluga region came in more than 80 international companies. As such, we have decided that there is nothing to fear," — said the president of SsangYong EC.

In addition to residential high-rise buildings in the complex are six family recreational playgrounds and barbecue outdoors, scene, two kindergartens, school, jogging and biking trails around the perimeter, as well as the playground for adventure sports.

"From this project we want to get a new standard of quality. Here is upscale lodging, and, I think, at affordable prices", — said, in turn, the governor Anatoly Artamonov.

Ssang Yong Engineering Construction Co., Ltd. — Korean corporation founded in 1977. Specializes in construction and engineering. Since its inception it has implemented 142 projects in the construction industry in more than 20 countries, totaling more than $ 8.9 trillion.

 SsangYong EC Cooperation with the Kaluga region began in November 2010 after the visit of the Kaluga delegation to the Republic of Korea. In September 2011, the parties entered into a memorandum of understanding, and was founded by local subsidiary — SsangYong Engineering Costruction Rus.




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