RUB 4 billion investment projects to be implemented in Crimea

Sergey Menyailo, Sevastopol's Governor, has signed cooperation agreements with three Russian regions.

5 October 2015 13:26

“In excess of RUB 4 billion investment projects will be implemented in Sevastopol”, said Sergey Menyailo, Sevastopol’s Governor, commenting on the results of the Sochi 2015 international investment forum.

According to the Sevastopol government’s press service, Menyailo has signed cooperation agreements in the fields of trade, science, technology and culture with the Kamchatka, Chelyabinsk and Kursk regions of the Russian Federation.

“Thanks to the agreements, we will be able to draw on the experience of our colleagues from other regions and attract additional investments to Sevastopol. For example, representatives of the Kamchatka region are interested in developing Sevastopol’s ship-making industry and port infrastructure, while representatives of other Russian regions would like to take advantage of Sevastopol’s developed maritime logistics," Menyailo said.

According to Menyailo, 4 investment projects, one worth RUB 1,7 billion and three others RUB 3 billion, are due to get underway in Sevastopol soon.