Caspian Island - Dream or Reality?
Source: https://www.construction.am
#caspianisland #tower #azerbaijan #skyscrapers #record #construction #architecture
As reported by information agency APA, Azerbaijan plans to build the world's tallest tower within the framework of Caspian Island project. Initially, the height of Azerbaijan Tower planned to be 560 meters, but parameters were changed. The developer of Caspian Island Avesta concern decided that the high of 185 floors tower to be 1050 meters, and it will be commissioned in 2018-2019.
According to another news agency The First News, the construction of Caspian Island in Azerbaijan, which will be erected on artificial made islands, has already started. This project will be built during 25 years. The 10 percent of the whole project is planned to complete in 2016. It should be noted, that the minimum cost for one square meter in this city will be about US$ 4.5 thousand. The new city will cover 30 thousand square meters area - 20 thousand for residential buildings, 10 thousand for retail stores, offices, stadiums, entertainment venues, race circuits for Formula 1 and Formula 2, etc. The developer plans to build the longest boulevard in the world with 150 kilometers length and the highest skyscraper with 1050 meters height in this city. There are no intersections planned in this city, so no need for traffic lights. The total budget of this project is estimated US$ 125 billion, and it will be funded by private investors.
According to author, this project has no analogue in the world, as the city planned to be built on artificial island. However, the Baku experiment isn't unique and new. There are enough "island projects" in UAE and other countries.
As BBC reported, according to Barclays Capital research, there is an "unhealthy correlation" between the building of skyscrapers and subsequent financial crashes. Often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction. Examples include the "Empire State building", built as the "Great Depression" was under way, and the current world's tallest, the "Burj Khalifa", built just before Dubai almost went bust.
Today the world's tallest building is Burj Khalifa in United Arab Emirates (828 meters). UAE also planned to build 1400-meters tall "Nakheel tower", but its construction was delayed. The 1000-meters tall skyscraper is also planned to be built in Kuwait in City of Silk. Saudi Arabia also plans to build more than a kilometer high Kingdom tower in Jeddah. But now all this "oil country" projects are on the paper only, and a big question is - which one will take the Champion title from Dubai's Giant?
According to another news agency The First News, the construction of Caspian Island in Azerbaijan, which will be erected on artificial made islands, has already started. This project will be built during 25 years. The 10 percent of the whole project is planned to complete in 2016. It should be noted, that the minimum cost for one square meter in this city will be about US$ 4.5 thousand. The new city will cover 30 thousand square meters area - 20 thousand for residential buildings, 10 thousand for retail stores, offices, stadiums, entertainment venues, race circuits for Formula 1 and Formula 2, etc. The developer plans to build the longest boulevard in the world with 150 kilometers length and the highest skyscraper with 1050 meters height in this city. There are no intersections planned in this city, so no need for traffic lights. The total budget of this project is estimated US$ 125 billion, and it will be funded by private investors.
According to author, this project has no analogue in the world, as the city planned to be built on artificial island. However, the Baku experiment isn't unique and new. There are enough "island projects" in UAE and other countries.
As BBC reported, according to Barclays Capital research, there is an "unhealthy correlation" between the building of skyscrapers and subsequent financial crashes. Often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction. Examples include the "Empire State building", built as the "Great Depression" was under way, and the current world's tallest, the "Burj Khalifa", built just before Dubai almost went bust.
Today the world's tallest building is Burj Khalifa in United Arab Emirates (828 meters). UAE also planned to build 1400-meters tall "Nakheel tower", but its construction was delayed. The 1000-meters tall skyscraper is also planned to be built in Kuwait in City of Silk. Saudi Arabia also plans to build more than a kilometer high Kingdom tower in Jeddah. But now all this "oil country" projects are on the paper only, and a big question is - which one will take the Champion title from Dubai's Giant?
