Intel, Microsoft, IBM to become neighbours in Russian technopark

Nizhniy Novgorod region authorities negotiate with Intel, Microsoft, HP and IBM about opening their offices in Ankoudinovka technopark. The construction of Ankoudinovka by 2010 is estimated for about $15 bln rubles, where state and regional budgets together provide only 3.1 bln rubles. The technopark occupies 6.2 square kilometres territory in Nizhniy Novgorod suburbs where a business center, technological objects and apartments for staff would be situated. Also it is planned to open a business incubator - a co-project of Ankoudinovka and Nizhniy Novgorod State University. Another Russian 'Silicon Valley' will appear next to Moscow by 2012.