The Moscow international Business Centre (IBC) is a commercial district in central Moscow, Russia, also referred to as Moscow-city. This districted is located near the third ring road in the Presnesky District of west Moscow, and is currently under development. The Moscow IBC is expected to become the first zone in Russia to offer business activity, residential space and entertainment in the same development. Is it estimated that upon the project's completion, 250,000 to 300,000 people will be working, living or visiting the Moscow IBC at any given time. The total cost of the project has been projected at costing $12 billion.