 
A $3 billion town, twice the size of Monaco, is set to rise on a bend in the Moscow River just west of the city limits, with a citadel, an "old town" and elite suburbs of its own, according to a plan approved by the Moscow region government.
A $3 billion town, twice the size of Monaco, is set to rise on a bend in the Moscow River just west of the city limits, with a citadel, an "old town" and elite suburbs of its own, according to a plan approved by the Moscow region government. Work on Rublyovo-Arkhangelskoye, population 30,000, is due to begin in late spring 2006, once construction permits for the first phase have been secured, Michael Belton, CEO of the project"s developer, CMI Development, said during a presentation in Munich last week.
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