A Moscow skyscraper planned to be one of the world's tallest buildings will not be finished until at least 2016, four years behind schedule, a business daily said on Monday, referring to the Moscow mayor.
Kommersant said Mayor Yury Luzhkov, who visited the Russia Tower construction site in the International Business Center on Saturday, pointed to major violations of the construction schedule. The developer later told the paper the project, which was launched in September 2007, would be delayed until 2016.
"Despite the crisis, I will impose fines for not meeting the [construction] timeframe," Luzhkov said as quoted by Kommersant.
