A great stride forward was made in receiving funding from the regional budget for construction project of a special economic zone "Titanium Valley". August 22 the Federal Financial Markets Service registered a decision on additional issue of shares of JSC "SEZ" Titanium Valley" in the amount of 300 million rubles by means of private correspondence. The acquirer of shares is the government of Sverdlovsk region. Thus, after the Resolution of the regional government the management company SEZ "Titanium Valley" will receive funding and begin construction of infrastructure on site of a special economic zone.
The project vehicle of construction of a special economic zone "Titanium Valley" has been changed due to reshuffle in government of the Sverdlovsk region in accordance with the law of the Sverdlovsk region dated 29.06.2012 № 59-OZ "On Amendments to the Law of Sverdlovsk Region "On the regional budget for 2012 and the planning period for 2013 and 2014".