VIS Group to build a Museum and Historical Complex in Chita in a concession format

The Ministry of Culture of the Zabaykalsky Krai and VIS Group signed a concession agreement on the financing, design, construction and operation of the Museum-Historical Complex in Chita. The concessionaire is OOO Fifty-First Concession Company (part of VIS Group).

A museum and historical complex with an area of over 10,000 m2 will be created on the embankment of the Chita River. The construction area will exceed 20,000 m2. The four-story building with a basement will combine exhibition, congress, and leisure and entertainment spaces. For this purpose, different functional areas are planned: exhibition zone, recreational zone, entrance group and the necessary administrative premises.

The total volume of capital expenditures will exceed 3.5 billion rubles, of which 2.9 billion rubles are VIS Group’s extra-budgetary investments. The project involves federal support under the Far Eastern concession mechanism.

“Zabaykalsky Krai is a new region of presence for VIS Group. That’s why the project is important for us both from the point of view of expanding our geographical footprint and expanding our investment portfolio. We thank the governor and the regional government team for their professional work, which allowed to structure the concession project and carry out all competitive procedures provided for by law after considering our private concession initiative,” commented Sergei Romashov, Chairman of the Board of Directors of VIS Group.

The concession agreement was concluded for a period of 10 years, of which 3 years are allocated for the design and construction of the facility. After the commissioning of the complex, VIS Group will ensure its operation until 2034.

Zabaykalsky Krai has great archaeological value, ethnic diversity and cultural heritage, but due to the absence of museums, only 18% of museum funds can be exhibited. The region cannot exhibit most of its collections and does not have the opportunity to host exhibitions from federal museums. In total, there are currently 27 museums in Transbaikalia, of which four are state-funded and 23 are municipal. At the same time, the total exhibition area in the region is one of the lowest in the Russian Far East and Siberia.

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