BBC NEWS | Europe | Russia plans 'millionaires' town'
Keeping up with the Jones's could take on a whole new meaning in a town being planned for rich Russians near Moscow.
The $3bn (£1.7bn) town of Rublyovo-Arkhangelskoye will
house some 30,000 residents and is expected to be almost twice the size
It will be completely self-sufficient, boasting
luxurious villas, a clinic, bars, sports facilities, a school and a
marina on the Moscow River.
The project, due to start in 2006, is being financed by Nafta Moskva company.
"Building elite apartments outside an industrial
metropolis reflects a new tendency favoured by buyers," said Michael
Belton, CEO of the project's developer, CMI Development, in a recent
The 430-hectare (1,060-acre) development site is
situated three kilometres (two miles) to the west of Moscow and has
good transport links with the capital.
The future "millionaires' town" will have "a uniquely
European feel", according to its British architects, John Thompson and
"We are trying to make it in the architectural style of
old European cities like Prague, Amsterdam and Munich," Viktor
Novichkov, a director of the project, told Britain's The Times
It is estimated that Moscow alone has more than 30 dollar billionaires, vying for the top spot with London and New York.