Price Tag of Grozny’s Akhmat Tower Rises to One Billion Dollars
October 21, 2016
The cost of building Chechyna’s tallest tower has doubled
The final cost of building the Akhmat Tower, the tallest building in Grozny, will be one billion US dollars or 66 billion rubles, reports Rambler News Service, quoting Muslim Khuchiyev, the city’s mayor. This is twice the earlier announced amount of five hundred million US dollars. The reason for the increase in the skyscraper’s price was not specified.
“This is nothing other than [private] investments. Not a kopeck of the budget [will be spent],” Rambler News Service quoted Khuchiyev as saying.
The 102-storey Akhmat Tower will be 435 meters high, 35 meters more than was planned initially. According to Khuchiyev, after construction of the Akhmat Tower has been completed, it will be the tallest building in Europe. At the moment, the title belongs to the 374-meter-high Federation Tower in Moscow. However, the title of the tallest building on the continent should pass to the Lakhta Center in Petersburg. It will be 462 meters tall, 27 meters more than the Chechen tower.
Translated by the Russian Reader