News

Amount of Federal Financing for SEZ Titanium Valley defined

According to the RF Prime Minister Dmitry Medvedev’s instructions the RF Ministry of Economic Development and Trade held a special session on December 11th to discuss the issue of co-financing of SEZ construction project using federal budget funds.

The plan says that 7.7 billion Rubles will be allocated from the federal budget for erecting the first-order facilities in SEZ. In addition 1.3 billion Rubles will be raised from credit institutions.
Credit funds for the first-order objects will be deployed for the erection of power supply network, arrangement of gas and electricity supply systems, as well as for other payoff facilities. And road building, fencing, customs infrastructure and living infrastructure will be funded by the federal state.
In winter time SEZ shall be connected to stable power supply system and fenced with special enclosure – a mandatory condition, as far as operation of the customs is concerned. A construction camp is already available. All the other activities shall be implemented in spring.

Now the SEZ territory has temporary roads to the residents’ sites, a special storage area, a temporary substation and a Rostelekom communication station.
13.12.2012