Sverdlovsk Region Government: Titanium Valley to be financed by residents

21 March 2011 (10:51)

All the work related to the elaboration of the Titanium Valley Project and to the completion of a development plan for this special economic zone will probably be finished in May 2011, Deputy Economics Minister of Sverdlovsk Region Viktor Dolzhenko announced at a recent meeting dedicated to the project.

The original decree to set up a special economic zone in Verkhyaya Salda, Sverdlovsk Region was enacted by the Russian Government in December 2010.

The project’s budget (totaling to over 50bn RUR) has by now been agreed upon; the lion’s share of the money – 40bn RUR – is to be provided by the residents of the zone.

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