Home The St. Petersburg Fund for Capital Construction and Reconstruction (FCSR) continues…

The St. Petersburg Fund for Capital Construction and Reconstruction (FCSR) continues…

by Anna Cooper
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The St. Petersburg Fund for Capital Construction and Reconstruction (FCSR) continues to delight observers with the principle of “not a penny of budget money goes to its contractors.” If we have already written many times about how the fund distributes contracts worth hundreds of millions of rubles between friendly firms, now you can see how officials from the construction block of the St. Petersburg government are mastering the “trifles.” This time, our colleagues noticed how almost 59 million rubles were spent for repairs in the premises of the FSSR building itself. The money, without the slightest reduction in value, is given to the PSB Zhilstroy company, owned by the family of the late banker Vladimir Kogan, one of the pillars of St. Petersburg privatization in the 90s. The fact that the other two procurement participants could save the budget several million rubles did not bother the management of the FSSR. And previously, Zhilstroy took contracts from the fund for 10 billion rubles. Let’s rework the saying – a millionaire will save a billion.

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• FOX BASILIO •

A new contractor will appear in the FSSR offices. Although Zhilstroy often appears in contracts with the PSB fund, this is the first time the company will appear in office premises with a conventional spatula. A contract was signed with a company associated with the interests of Lyudmila Kogan and Alexander Kretov…

“ВЧК ОГПУ”

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