On 22 July, the Morton group of companies, the general contractor for the construction of a residential neighbourhood for military personnel in Balashikha, Moscow region, entered into a contract with CJSC Mosstroyrekonstruktsiya (100% subsidiary of LSR Group) to jointly implement the project. Morton group of companies was selected a general contractor for this development as a result of an auction held by the RF Ministry of Defence

In accordance with the contract and approved design documentation CJSC Mosstroyrekonstruktsiya is to construct a residential neighbourhood comprising 6 houses of 14 to 17 stories with a total area of 140 th sq.m. The contract amount is RUB 3.9 billion. The project completion is planned for June of 2011.

The houses are to be built using reinforced concrete panels manufactured by OJSC Zavod ZhBI-6 (a subsidiary of LSR Group) benefiting from the application of upgraded seamless technology that will fully prevent any future risk of leakages and cold bridging. 

According to Aleksandr Nopin, CEO of OOO Morton-RSO, for a successful project implementation the company has studied construction organisations of Russia. The long-standing successful experience of LSR companies in the construction sector and the advanced technologies implemented by its reinforced concrete manufacturer for prefab construction determined the choice of contractor and make the Morton group confident the project will be a success.