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Kaluga Project Gets Vneshekonombank’s Development Award

Industrial parks’ infrastructure development project implemented in Kaluga Region receives the first Development Award by Vneshekonombank (The Best Infrastructure Project nomination). 

On June 21, 2013 the first Development Award ceremony was held within the framework of Saint Petersburg International Economic Forum. The award was established by Vneshekonombank in 2012. 

Kaluga Region’s industrial parks infrastructure development project (automotive and auto component cluster project implemented by Kaluga Region Development Corporation OAO) received the Development Award as the best infrastructure project.  

The project objective was to create preconditions for large-scale attraction of investments to Kaluga Region’s economy to ensure integrated economic and social development of the region. The total amount of the project equals RUR14.4 billion. Vneshekonombank provided RUR11.2 billion   to finance the project.

The fact that the industrial parks infrastructure development project was included in the list of Development Award winners clearly shows that the economic community of Russia highly praises the contribution of the project to the social and economic development of Russia.  

 

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