Spox: Severgroup expects 400 bln rbl aid under invest support law - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Spox: Severgroup expects 400 bln rbl aid under invest support law

MOSCOW, Nov 5 (PRIME) -- Severgroup of tycoon Alexei Mordashov expects a more than 400 billion ruble support in the framework of the law of protection and promotion of investments, a representative of the group told PRIME on Tuesday.

УSevergroup presented projects worth more than 400 billion rubles to the workgroup (for the bill), all of them will favor fulfillment of the national priorities,Ф the representative said.

УThe largest of them are a project of a paper mill in the Vologda Region of company Sveza, production of gas turbines by Power Machines and upgrade projects for the first processing unit on a Severstal smelter in Cherepovets.Ф

Deputy Finance Minister Andrei Ivanov said last week that the government had submitted the bill to the State Duma, the parliamentТs lower house.

(64.0316 rubles Ц U.S. $1)


05.11.2019 11:57
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