Under the renovation program, which is scheduled to last 20 years and projected to cost 3 trillion rubles ($50 billion), residents will be relocated to new apartments.
Moscow Mayor Sergei Sobyanin announced in February that 1.6 million Muscovites were still living in buildings, which he described as “uncomfortable, largely dilapidated housing.”
Not all Muscovites, however, agree with the City Hall’s renovation plans, and many have participated in public protests to voice their concerns that replacement apartments could be worth less than their original property or in neighborhoods on the city’s outskirts.