Fund for Development of Single-Industry Towns co-finances the reconstruction of the highway in Nizhnekamsk

28 May 2019, Tuesday

A road on Chistopolskaya street will be constructed in Nizhnekamsk. The project amount is 325 million rubles. Of these, 175 million rubles will be allocated by the Fund for Development of Single-Industry Towns. The application for co-financing of expenses prepared by the Ministry of Economy of Tatarstan, was approved today by the Supervisory Board of the Fund.

The reconstruction of the highway will contribute to ensuring sustainable economic growth, modernization and diversification of the economy of the single-industry town, including the implementation of investment projects “Organization of production of painted steel and steel products” by Kamastal OOO and “Organization of production of facade panels in Nizhnekamsk” by “CMK” OOO. These enterprises are anchor residents of the “Pioneer” industrial park. The implementation of the projects will create 150 new jobs by the end of 2021 and will attract 608 million rubles of investments.

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