Czech Export Bank Will Find 2 Billion Euro for Sverdlovsk Oblast

09.09.2009 — News

THE SVERDLOVSK OBLAST.

The Czech Export Bank has taken on the obligation to issue syndicated loans for the implementation of investment projects in the Sverdlovsk Oblast to the amount of up to two billion Euro with the repayment period of 10 years. ALTA, a Czech industrial corporation, will be participating in the implementation of these projects. 

Jaroslav Poriz, the General Director of the Czech Export Bank’s Russian office, has signed the appropriate agreement with the regional Investment Support Fund in accordance with the results of the Czech business delegation’s visit to Ekaterinburg. The delegation was led by Miroslav Kalous, the Deputy Minister for Regional Development of the Republic. 

The regional government informed RusBusinessNews that the list of priority investment projects includes power generation facilities with the total capacity of five megawatts; the establishment of an integrated advanced timber processing facility in Nizhnyaya Tura; the construction of the production and technology centre for batch production of the new generation long haul electric cargo locomotives (OAO Urals Plant of Railway Machine Building); and, the construction of a magnesium production plant.