OREANDA-NEWS. On 29 December 2008 was announced, that the city authorities of Moscow is to carry out an all-inclusive reconstruction of Staroe Kosino neighbourhood located within Kosino-Ukhtomsky township at the expense of the city budget funds from 2008 to 2012.

“The reconstruction will be held taking into account the additional need to commission more urban housing within the implementation of the medium-term program of housing construction scheduled for the period of time from 2006 to 2008 with a prospect till 2010,” a source from City Hall said.

According to the official, the reconstruction is to be divided into two stages: the first one includes the elaboration of construction documents for building the first dwelling houses, the second is aimed at correcting the local development plan with the possibility to take down the whole five-storey and low-rise housing in the neighbourhood.