The stadium, to be built at the Tushinsky Aerodrome, will seat 35,000 spectators, with capacity for another 12,000 people in an adjacent multi-use sports facility.
The initial plan for the stadium is due to be approved this summer, said Yury Tskhovrebov, the chairman of the board of directors of Spartak Stadium, the company in charge of the project. He said the stadium would cost $150 million.
By the end of the year, the final plans should be ready, and in 2007 preliminary work will begin on the site, Tskhovrebov said.
Financing for the project will be decided at a later date, he said.
The director of Spartak Stadium, Andrei Kozyrev, said the stadium should be ready in 2009.
"The location is good. It has good transport infrastructure, which is very important for large sporting events," said Alexei Samsonov, a director at ITF development.
So far, Lokomotiv is the only leading Russian football team to have managed to build its own stadium.
In addition to Spartak, Moscow's CSKA and Zenit St. Petersburg are both building stadiums. Construction of CSKA's 30,000-seat stadium, also in northwest Moscow, is due to begin this year at a cost of 40 million euros ($51 million).
Gas giant Gazprom has said it will invest $250 million in a new 50,000-seat stadium for Zenit.
Formed in 1922, Spartak has won the most national league championships of any football team in the country, having won the Soviet football league 12 times and the Russian equivalent on nine occasions.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.