November 7, 2012. The Special Economic Zone Titanium Valley and Sberbank of Russia signed a long-term cooperation agreement. This agreement covers for the issuance of loans to put up infrastructure facilities, the Titanium Valley Management Company’s press officer reports.

It was observed that using borrowed funds from Sberbank will mean less financing from the budget sources. The financing will cover the construction of the most promising projects, whose rent revenues will help to pay off the loans later.

‘This means that, on the one hand, we are speeding up the construction jobs related to launching infrastructure facilities, and on the other hand, we are reducing the financial burden on the budget,’ says Special Economic Zone Titanium Valley’s Director-General Artemy Kyzlasov.