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Russian development industry at EXPO-2015 in Milan was represented by VTB Arena park project

Moscow. October 21. INTERFAX-REALTY – the only Russian development project which was presented at EXPO-2015 World’s Fair in Milan in the frame of the Days of Moscow was VTB Arena park as is reported by press office of the project.

Rizzani de Eccher concern acting through Codest – the General Contractor of the construction – is involved in its implementation. VTB Arena park is considered to be an example of the successful business cooperation of Russia and Italy in the realm of the development industry.

Over the discussion of the main issue of the event – enhancing of Italian-Russian ties in the face of sanctions against Russia – Mr. Andrei Peregoudov, Senior Vice-President of VTB Bank and VTB Arena park project Head, has claimed that the ways out of the existing situation are being found.

“The theme of “Italians in Russia” is prevalent at forum which clearly bespeaks their interest in collaboration with our country. During the exhibition I’ve repeatedly come across the thought that if the import of the Italian goods into Russia is not possible they are ready to produce these products in our country via building the plants and factories here. And this would be not “made in Italy” but “made with Italians in Russia,” he said.
Mr. A. Peregoudov pointed out the mutual interest in cooperation of two countries.

“The fact that a full complement of Moscow Government members was present during the Days of Moscow in Milan at EXPO-2015 suggests that the most favourable conditions for Italian investments are being created. The Italians, on their part, as for the development market in particular, have brought a rich construction background that can be judged from our project which is effectually being actualized. Besides, I do really appreciate the fact that our partner, Codest company, during the period of ruble exchange rate surge has met us halfway in many respects, namely: the portion of the contract initially nominated in euros was converted into rubles, the procurement mechanisms were created allowing to pay for the required equipment for the project in rubles choosing it as per its qualitative characteristics, partial import substitution had place. It is a pleasure to note that as of today our Italian partners from Codest have become the supporters of Dynamo football team, they visit matches featuring the team and wear baseball caps bearing its logo,” he stated
Mr. Claudio de Eccher, the main owner of Rizzani de Eccher, declared, in his turn, that for the company which is headed by him Russia is one of the primary markets and business targets.

“When we’ve been started to work in Russia 30 years back – we hardly understood which direction to head for. Today we feel absolutely integrated into the advancing Russian society. I completely disagree with what is going on with respect to Russia, but I’m certain that these hard times will be overcome,” told Mr. De Eccher.

When speaking about VTB Arena park project he observed that on the part of Codest a strong team lead by the experienced management was formed for its implementation and now many Russian experts have become part of the team.
“I believe in VTB Arena park project which will prove to be one of the most beautiful in Moscow”, concluded Mr. Claudio de Eccher.

VTB Arena park is the project of comprehensive development including the construction of mixed-use sports and entertainment complex (VTB Arena and Dynamo Central Stadium), Dynamo Sports Academy, Arena Park urban district and Dynamo sports park. The area of the project being implemented is 32 ha. The opening of the renovated Dynamo Stadium will be marked by the football match scheduled to coincide with Mr. Lev Yashin’s birthday – October 22, 2017.


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