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Russian Federation : At the forum in Sochi, the Saratov region signed investment agreements totaling 17 billion rubles.

The experience and achievements of the Russian Investment Forum in Sochi will be continued in the framework of the Saratov Economic Forum, which will be held on 5 and 6 March this year. This was announced by the Governor Valery Radaev during a meeting with the heads of the executive authorities.

Minister of Investment Policy and Property Relations of the region Oleg Galkin reported on the results of the forum in Sochi. It was noted that, in general, the region signed important agreements for a total amount of about 17 billion rubles. The main regional investment projects were presented at the exhibition of the region. The key one is the construction of an international airport in the village. Saburovka. Visiting the Saratov stand Dmitry Medvedev, Prime Minister of the Russian Federation, was shown on-line the process of building an airport complex. The Prime Minister stressed the importance of building this major infrastructure facility from scratch and the prospects for the region's development connected with it.

Within the framework of the forum, a number of agreements were signed with the largest investors. Thus, the agreement with the Group of Companies "Hevel" provides for the construction of a new power station in the Saratov region; the total investment is estimated at 10 billion rubles. With the company "PhosAgro" signed an agreement on socio-economic partnership. Financing in this direction will be about 2.7 billion rubles. The signed document concerns the implementation of environmental measures, as well as - activities in the field of occupational safety and health. In addition, the company undertakes to provide regional farmers with products manufactured by the Balakovo branch of JSC "Apatit".

The signed protocol to the current agreement with the oil company LUKOIL identifies joint projects for 2018. In particular, the company assumes additional obligations on participation in social and economic development of the region and charitable projects. The plant "Saratovorgsintez" will take part in the repair and improvement of children's and sports yard areas located in Zavodskoy district of Saratov. With SNF Flopam, an agreement was signed on the next stage of the investment project for the construction of a plant for the production of acrylamide and polyacrylamide with a capacity of up to 60,000 tons per year. The total cost of the project is about 3.5 billion rubles.

Along with investment agreements on the Forum site, an interregional Cooperation Agreement was signed with the Government of the Penza region. During the work at the forum, our delegation held a number of business meetings with representatives of major Russian companies. With the leadership of MTZ-Holding (Belarus), the prospects for organizing mutually beneficial cooperation between the Saratov Heavy Gear Plant, on the one hand, the Minsk Tractor Plant and the Minsk Gear Plant, were discussed.

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Publication:Mena Report
Date:Feb 27, 2018
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