Russia's largest company, Gazprom, announced on Friday that it had chosen the architecture firm RMJM London to design this city's tallest building, brushing aside arguments from preservationists and residents that the project -- whoever the architect -- would destroy the city's architectural harmony.
RMJM's winning proposal includes a twisting glass tower that would anchor a business and residential center planned for a site on the Neva River opposite the Smolny Cathedral, one of the city's most famous landmarks.
The proposed tower would rise 396m -- taller than the 122m-high Peter and Paul Cathedral built 300 years ago by Peter the Great.
Gazprom's chief executive, Alexei Miller, hailed the project as a "new symbol of St. Petersburg" akin to city landmarks including the Admiralty, St. Isaac's Church and the Peter and Paul Cathedral.
"This new, modern project will give birth to a new mentality for St. Petersburg, which lives in a new, modern civilization," said Miller, appearing with the city's governor, Valentina Matviyenko. "And its citizens will feel the pulse of the new economy, the pulse of the contemporary world."
Gazprom selected the RMJM proposal over five other designs by the noted architects Jean Nouvel of Paris, Massimiliano Fuksas of Rome, the Swiss team of Jacques Herzog and Pierre de Meuron, Rem Koolhaas of Rotterdam and Daniel Libeskind of Berlin.
The competition stirred weeks of ferocious debate. Even as Gazprom's executives met with city officials and experts on the selection commission at the company's headquarters on the English Embankment, a small group of protesters passed back and forth aboard a small trawler in the Neva, dressed as clowns and mental patients and holding a sign deriding the project. "Lunatic City," the sign said. (The project is referred to as Gazprom City.)
There was also dissension within the selection panel. Japanese architect Kisho Kurokawa, who was invited to serve as a member of the jury, read a two-page statement on Friday describing his vision for St. Petersburg, which would preserve its cityscape on a lower scale, and opposing any of the projects under consideration.
He then resigned from the jury and left.
In a telephone interview later, he said the city's current limit on building heights was "the most sensitive issue to keeping the existing cultural value of the old city center."
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Saudi Arabian Oil Co (Aramco), the Saudi state-owned oil giant, yesterday posted first-quarter profits of US$26 billion, down 4.6 percent from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco had revenues of US$108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. The company saw US$107.2 billion in revenues and profits of US$27.2 billion for the same period last year. Saudi Arabia has promised to invest US$600 billion in the US over the course of US President Donald Trump’s second term. Trump, who is set to touch
SKEPTICAL: An economist said it is possible US and Chinese officials would walk away from the meeting saying talks were productive, without reducing tariffs at all US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks yesterday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post early yesterday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner.” The second day of closed-door meetings between US Secretary of the Treasury Scott Bessent, US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng (何立峰) were due to restart yesterday morning, said a person familiar
RSS