New Russia’s <i>grands projets</i>
Skolkovo Moscow School of Management, founded September 2006. Cost of project: $500 million. Financed by $245 million, 10-year credit line from Sberbank. Other backers include oligarch Roman Abramovich, Credit Suisse, Troika Dialog chairman Ruben Vardanian. Formal opening: September 15 2010 by Russian president Dmitry Medvedev. Likelihood of succeeding: 95%
Skolkovo Innovation City. Work set to start early 2011, with completion by 2017. Total cost of project: $10 billion, financed by the state. Aim: to create at least 10 $100 million corporates over the next decade in aerospace, IT, renewable energy, biomedicine and nuclear technology. Overseen by Renova Group chairman and oligarch Viktor Vekselberg. Likelihood of succeeding: 50%
Russian Corporation of Nanotechnologies (Rusnano). Cost of project: $10 billion, financed by the state, individuals and research institutions. Aim is to turn Russia into a global nanotech leader, with annual nanotech sales hitting $40 billion by 2015. Project driven by former United Energy Systems chief Anatoly Chubais. Likelihood of succeeding: 75%
Moscow’s grand plans. Project to turn Russia’s capital into a global financial centre. Total cost: billions of dollars but real expenditure will be needed in building infrastructure and stymieing corruption and graft. Project open-ended, overseen by former Norilsk Nickel chairman Alexander Voloshin.