Investors group “Inversiones Gelerales del Baltico” (Spain) and the St. Petersburg Administration signed a contract on developing the territory of the Russian Science Center “Applied Chemistry” on Malaya Neva embankment.

A competition for the “chemical” plot on Malaya Neva embankment began on the eve of the year. A number of claimants took part in the competition, among them authorities attached to president and famous ballet-master Boris Eifman. According to investors calculations, each project worth amounted to approximately $300 million. According to the contract signed yesterday in Smolny, the part of Malaya Neva embankment between Tuchkov bridge and Birjevoy bridge will be improved and built-up by Spanish investors.ter “Applied Chemistry” on Malaya Neva embankment.

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