VTB Bank finances Dream Island project for 37 billion rubles

29 Jan 2018

VTB Bank opened a credit line for Dream Island park for 37 billion rubles for a period of 7 years. The funds will be directed to the implementation of the first stage of the park - a key urban development project in Moscow. The total cost of the first stage of the project is 81 billion rubles. It includes the value of the land plot and the amount of investments in the amount of 43 billion rubles (including 37 billion rubles of VTB), intended for construction, acquisition of rides and the formation of working capital.

The funds raised within the credit line of VTB will be directed to the implementation of the first stage of Dream Island park, which includes an indoor theme park and a city walk with a large shopping and entertainment zone and a landscape park.

Dream Island is the first indoor theme park in Russia. Its year-round work, unique concept and scale will attract about 50 million visitors a year to the park and make it the most colorful tourist attraction in Moscow along with the Kremlin, Gorky Park and VDNH. A large-scale project is being implemented in the Nagatinskaya floodplain on an area of almost 60 hectares, and the area of the park is 292 thousand square meters.