Sistema-Hals JSC - New infrastructure completed : NON-REG
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RNS Number:6856L Sistema-Hals JSC 14 January 2008 SISTEMA HALS ANNOUNCES THE COMPLETION OF A NEW SECTION OF THE ZVENIGORODSKY PROSPEKT IN MOSCOW New section includes Europe's highest cable suspension bridge MOSCOW, RUSSIA, 14 January 2008 - Sistema-Hals OJSC (LSE, MICEX, RTS: HALS), one of the leading diversified real estate companies in Russia and the CIS, is pleased to announce that a new section of Zvenigorodsky Prospekt was officially open at the end of December 2007 in the presence of Moscow Mayor Yuri Luzhkov. The 7 km section of road, which stretches from the Moscow ring road to Prospekt Marshala Zhukova, includes the Zhivopisny cable suspension footbridge across the Moskva River, which at 105 meters is the highest of its kind in Europe. The construction project was managed by PSO Sistema-Hals, a subsidiary of Sistema-Hals. Construction of the new section of road began in 2004. It is characterised by its unique architecture and state of the art engineering design. The cable suspension footbridge, which is 1,460 meters long, includes a 409.5 metre section suspended by 72 individual cables from a supporting pylon 30 metres above the water. The rigid metallic arch of the pylon, which is at 90 degrees to the road on fixed supports mounted in the water, stands 105 metres above the river. To take advantage of the bridge's dominant position, with picturesque views of the surrounding area, a transparent sphere has been mounted just below the arch at a height of 87.3 metres, with a closed observation deck and a 100-seat restaurant. The architecture and innovative engineering techniques used in designing the two-level tunnels and bridge have been highly rated by specialists at a number of international exhibitions, forums and innovation showrooms. The newly opened road section begins near the Novorizhskoye Shosse, Moscow's ring road interchange, which is currently under reconstruction. From there it passes through a set of tunnels under the Serebryany Bor forest area and, after crossing the Moskva River, approaches Prospekt Marshala Zhukova, which is also currently undergoing reconstruction. From there, the road leads on to the Garden Ring near Sadovo-Kudrinskaya Square, creating a direct link between Novaya Riga and Moscow city centre. The design includes an innovative two-level tunnel structure which was used in the construction of the northwest tunnels. This made it possible to extend the route of Zvenigorodsky Prospekt from the ring road to the Moskva River and to simultaneously build a metro line to the Strogino district without damaging the Serebryany Bor nature reserve. This is the first construction project in the world to combine a road and an underground railway within a single space. The two main transport tunnels, each 14 metres in diameter, are divided into three tiers: - An upper level designed to remove exhaust fumes; - A middle level for three lanes of car traffic; - A lower level for one track of the Strogino metro line running between the Strogino and Krylatskaya stations. The construction includes a six-metre wide service tunnel, situated between the two main tunnels, designed to facilitate evacuation in the event of an emergency and to house cable, ventilation channels and other utilities. -Ends- About Sistema-Hals OJSC Sistema-Hals is a leading diversified company in the Russian and CIS real estate market. The core businesses of Sistema-Hals are development, project management and construction, and property and facilities management. Sistema-Hals was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange. Parent company Sistema holds a 71.1% stake and there is an 18% free float. Sistema-Hals is one of the largest companies by capitalisation operating in the real estate markets of central and Eastern Europe. Since starting operations in 1994, Sistema-Hals has successfully completed more than 30 projects with a total area in excess of 300,000 square metres, including the headquarters of DaimlerChrysler, the Hals Tower office building, the headquarters of Trubnaya Metallurgical Company and a hotel for the MaMaison chain (Orco Property Group). At present Sistema-Hals is constructing the Leningradsky Towers complex, which comprises two buildings, one of which will be the headquarters of Siemens in Moscow. It is also carrying out a complex redevelopment of the property portfolio of Moscow City Telephone Network, rebuilding the Hotel Peking and the flagship Children's World toy store near Lubyanka Square, and pursuing a series of other projects. Sistema-Hals has assembled a balanced and diversified portfolio of assets in fast-growing sectors of the market. The company strategy is focused on building Class A and B office space, mixed-use retail and office complexes, business-class homes, residential estates and land development. Cushman & Wakefield valued Sistema-Hals' share of the properties and projects in its portfolio at USD 2,882m as at 1 July 2007. For further information please contact: Anton Klimenko Anna Zavialova Head of Investor Relations PR Manager Sistema-Hals Sistema-Hals tel. +7 (495) 785-7742 (ext 3350) tel. +7 (495) 785-7764 fax +7 (495) 785-7747 firstname.lastname@example.org email@example.com This information is provided by RNS The company news service from the London Stock Exchange END NRAILFLILSISLIT
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