Chinese investors looking into residential construction in Nizhny Novgorod to be completed by World Cup 2018

The project’s cost is estimated at 9.3 billion rubles, 80% may be covered by the Lianbang company.
14 May 2015
Vladimir Smirnov/TASS
A view of Nizhny Novgorod

A joint Russian-Chinese company Lianbang is looking into building accommodations for the guests of the FIFA World Cup 2018 in Nizhny Novgorod, according to the company's CEO Victor Vedenin.

The Chinese investors are examining the project for nine 16-floor residential buildings to be erected near the Nizhny Novgorod football stadium, which is currently under construction. The total residential area of the project is 248,000 square metres; its cost is 9.3 billion rubles, 80% of which may be covered by the Lianbang company. After the World Cup 2018 the buildings will become part of the city’ss residential development plan.

Lianbang is co-founded by the Beijing China Sport Construction Co., which took part in the construction of the Olympic stadium in Beijing and football fields for the 2010 Asian Games.

Lianbang is known for construction of the air supported Samara ice arena with the capacity of 344 fans, which may open as early as this year. If the project is proven to be a success, the company will build three more such arenas in other cities of the region. Lianbang also plans to build a water park costing six billion rubles in Gelendzhik.