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Lack of fund stops construction of Russian Tower

Construction of the Russia tower, a 600-metre-tall steel-and-glass symbol designed by Norman Foster to be Europe’s tallest building, has been halted for lack of funding.

Russia’s answer to London’s Canary Wharf or La Defense in Paris, the tower was to crown Moskva-City, a skyscraper development that rises from an old industrial site surrounded by a highway, a railway, the Moscow River, cargo yards and Soviet-era apartment blocks.

Foster + Partners’ web site describes it as the tallest naturally ventilated tower in the world, with 118 occupied floors, and one of the greenest new buildings in Europe. The tower was due for completion in 2012.

It now shares the fate of U2 Tower, planned for Dublin’s Docklands as Ireland’s tallest building by a consortium of Foster and the Irish rock band. Negotiations on U2 Tower were suspended for 12 months because of financial
market uncertainty.

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