The Korean company, under the fairly famous name Ssangyong Engineering Construction Co, urgently decided to start building a huge residential quarter in the city of Kaluga. Based on the statement of the administration of the Kaluga region, in the entire complex there will be approximately two thousand residential apartments. The residential array called Park Palace will spread its possessions into nineteen hectares of land right in the area of the right bank. The microdistrict will have sixteen high -altitude apartment buildings, as well as a school, a couple of preschool educational institutions, shops, various sports grounds and various recreation areas. It has already begun to break the huge park with beautiful and diverse fountains very close to the housing of the housing. A company from Korea, called Ssangyong Engineering Construction Co, clearly decided to start building a huge housing array in the city of Kaluga. The administration of this city and the entire Kaluga region states that the complex itself will have two thousand apartments. The residential array itself, entitled “Park Palace”, will spread its possessions into nineteen hectares of land near the right bank. The area itself will have sixteen apartment buildings, a school, a couple of preschool children’s educational institutions, as well as a variety of sports grounds, shops and different recreation areas. Closely near the housing line have already begun to break the huge park with a huge number of beautiful fountains. The first few buildings are planned to be commissioned in 2014. The very date of implementation of this project is five years. Based on the statements of various sources, the total amount of invested funds in the Park Palace project is approximately half a billion dollars. The head of the Ssangyong company dared to express that there were no analogues in Russia to the future residential complex. In recent years, about eight dozens of large international organizations began to actively conduct their activities in the Kaluga region. It was this fact that, in many ways, made the Koreans begin construction in this territory.
