MIRAX Will Invest USD 1 bln in Its Projects
OREANDA-NEWS On 27 October was announced, that MIRAX GROUP will invest about USD 1 billion in the construction and maintenance of its objects by the middle of 2010.
The corporation is as well to invest USD 100-USD 120 million in the construction and maintenance of its objects by the end of 2008, Dmitry Lutsenko, member of the board of MIRAX GROUP, said.
The official noted the corporation intended to make a decision on the objects which were announced by it in September to be frozen during 4-5 months.
“We surprised everybody with the words “frozen projects” in September. These projects don’t exist physically, i.e. no work over them was carried out as it was planned to go on after 2010 and it was to be paperwork basically,” Mr Lutsenko added.