Putin approved the construction plan of the theme park "Magic World of Russia"
“The Magic World of Russia” - a theme park worth $ 4 billion, which was designed and financed by two Californian companies — was approved for construction in the Kaluga region, 180 km south-west of Moscow.
President of the Russian Federation Vladimir Putin and the governor of the Kaluga region, Anatoly Artamonov, met last week to discuss the prospects for the project. Kaluga leads the region with a dynamic economy; Under construction, a convenient place was chosen near the railway and the airport.
The construction of the park, which will occupy a site of almost 220 hectares, will be led by the Goddard Group. The company specializes in the design of entertainment venues and hotels and already has experience building attractions in a number of US parks. Goddard Group’s latest properties include a $ 2 billion Galaxy Casino, which opened in the Chinese resort of Macau in 2011.In the same place last year, the company launched the Studio City project, which spent $ 3.2 billion.
The financing of the project will be the responsibility of the Moschanko Investment Group, based in Los Angeles. They are trying to implement the intention to build a theme park in Russia since 2011. Gennady Moshkovich, the group's general director, told the LA Times correspondents that the consent given by Putin “is very, very, very important. This is a huge deal. ”Gary Goddard, who heads the Goddard Group, said in an interview with the San Fernando Valley Business Journal that the park will be devoted to Russian culture:“ Based on folklore, legends and history, we are actively working to create a theme park that reflects the traditions and Russian folk art is such that it is not inferior in quality or even surpasses any of the currently existing world-class family parks. ”
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Artamonov said that in addition to the park itself, the project includes a science department, an interactive entertainment zone and the world's largest water park.
Construction can begin in 14 months, and to complete all the work it will take about five years. Previously, the projects of the other two were approved.Russian entertainment parks. The start of the construction of the “Island of Dreams” in Moscow is scheduled for the second half of the current year. The park will begin work in 2018 and will become part of a large project, which also includes parks in St. Petersburg and Yekaterinburg. The second park, also in Moscow, is being developed by NBC Universal; the start of construction will be given in 2017.