Construction of Titanium Valley to Get Funding Through Shares Buy-Out
24 August 2012 (09:51)
The construction of the special economic zone known as the Titanium Valley will be funded through buying out the shares of the management company, the Governor of Sverdlovsk Region’s PR Department reports.
On August 22, the Federal Financial Markets Service registered the decision to go through with an additional 300m-RUR issue of the Titanium Valley Special Economic Zone’s shares.
The shares will be purchased by Sverdlovsk Region Government. This means that, after the regional government’s decree has been issued, the Titanium Valley Special Economic Zone Management Company will get the money, and the construction of the new infrastructure facilities can be started in the special economic zone.
On August 22, the Federal Financial Markets Service registered the decision to go through with an additional 300m-RUR issue of the Titanium Valley Special Economic Zone’s shares.
The shares will be purchased by Sverdlovsk Region Government. This means that, after the regional government’s decree has been issued, the Titanium Valley Special Economic Zone Management Company will get the money, and the construction of the new infrastructure facilities can be started in the special economic zone.
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Other materials on the topic::
- Titanium Valley to get 4.8bn RUR from federal budget in 2015-2017
- Economic Development Ministry to consider co-financing Titanium Valley in 2014-2016
- Titanium Valley to Get Loan to Put up Facilities
- VSMPO-Avisma Corporation Might Quit Titanium Valley Project
- OAO Titanium Valley Special Economic Zone to Manage Titanium Valley Special Economic Zone