Titanium valley will receive Federal support

The question of the allocation of funds from the Federal budget of Russia

for the needs of the special economic zone production and industrial type «Titanium

valley» solved. «The Federal centre will help in the realization of this project» — said the Governor

Sverdlovsk region — Evgeny Kuyvashev, speaking at the first meeting

the administration of the province on investments.

On the eve of the above mentioned activities, the head of the Sverdlovsk

region met with the President of the Russian Federation — Vladimir Putin. In

the meeting raised a number of issues relating to the development of the regional economy,

including the question of financial support «Titanium valley». Mr Kuyvashev

described the situation with the project, noting that construction work in

the special zone has already started (despite the lack of means of the local budget). In

the result of the talks, Mr Putin has ordered the provision of economic development

Russia is a certain amount for creation of infrastructure of the SEZ (in part stranded

costs).

The next step in the solution of financial problems

Titanium valley will be to develop a project to attract Federal funds.

The head of the Sverdlovsk region commissioned the preparation of this document administering

the company’s SEZ, defining the due date for the task by the middle of next month.