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.

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