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Investment projects of the value of 114 billion rubles have been included into the plan of co-operative activities of the Rostov Region Government and Vnesheconombank Press source: Interfax-Russia.ru

Investment projects of the value of 114 billion rubles have been included into the Rostov Region and Vnesheconombank (VEB) activity plan as part of cooperation on area development up to 2018, reported interim Governor of Rostov Region Vasily Golubev at the round-table meeting last Thursday.
This round table was dedicated to implementation of the plan of co-operative activities by VEB and the Government of Rostov Region aimed at the area integrated development in 2013-2018.
“Our plan of co-operative activities includes 21 investment projects. Thirteen of them are worth 114 billion rubles of investment. When implemented, these projects will provide us with over six thousand new jobs,” – said Mr. Golubev.
Head of the region pointed out that VEB provides finance for large-scale and specifically socially important projects where “commercial banks hesitate to invest”.
In the meantime, as the interim governor pointed out, implementation of these projects is of great importance as growth of investment in the Region economy depends on it, and social well-being of local residents is therefore influenced.
Among projects already implemented through VEB financial support, Mr. Golubev named construction of a factory for sandwich panel production, metalwork and galvanization of metalware in Shakhty (“Metal-Don Ltd.”), development of a homebuilder (“Irdon Ltd.”) in the Oktyabrsky district and construction of the largest in Russia industrial complex on turkey operation (“Eurodon Ltd.) along with the project of maternal turkey stock creation by “Ursdon Ltd.”.
“Four major projects are currently financed by VEB. For example, project of construction of Hyatt International Convention Center is very important specifically for preparation for the 2018 FIFA World Cup. The project of “MTE Kovosvit” is also of great importance since it allows creation of a machine tool manufacturing cluster in Rostov Region, - explained Vasily Golubev.
He also mentioned that 64 investment projects are currently implemented for a total amount of 499 billion rubles. Their completion will allow creation of over 36 new jobs.
As it was mentioned earlier, at the investment forum in September 2013 in Sochi, VEB and Rostov Region issued a plan of co-operative activities on the area development.

Investment projects of the value of 114 billion rubles have been included into the plan of co-operative activities of the Rostov Region Government and Vnesheconombank