The Ukrainian Metal

Russia: Metalloinvest to invest over 1 billion rubles in Kursk region development

Metalloinvest has signed an agreement with the authorities of the Kursk region and the town of Zheleznogorsk on social and economic partnership in 2019.

According to the agreement, the company will invest over 1 billion rubles.

“Mikhailovsky GOK is a driver of the regional economy. In 2018 the consolidated budget of the region received over 10 billion rubles of taxes from Metalloinvest enterprises. This year the development program will focus on Zheleznogorsk infrastructure development”, the regional acting governor Roman Starovoit said.

In particular, funds will be invested in the reconstruction and repair of roads, replacement of elevators and the construction of a school. (Ukrainian metal)

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