Developers sidelined in Moscow's $50 billion building bonanza

By Svetlana Reiter and Katya GolubkovaMOSCOW (Reuters) - Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion (38.61 billion pounds) programme to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters.Residential property developers, which include firms such as PIK , LSRand Etalon , have been hit hard by Russia's economic downturn, with some struggling to sell apartments they have built and burdened with