Priority projects for 390 billion rbl. are realised in Bashkiria

The priority list includes about 70 large investment projects with the total cost of about 390 billion rbl in Bashkortostan. Their implementation will allow creating approximately 40 thousand new jobs in the region till 2020.

Last year a number of projects directed on upgrading existing industries were implemented in the republic, in particular at the «Gazprom neftehim Salavat» company, with total cost of more than 12 billion rbl., at "Salavatsteklo" company for over one billion rbl., at Baimak Casting and Mechanical Plant.

Besides, together with Brazilian "Marcopolo" concern preparation for serial issue of small class buses is conducted at Neftekamsk Car Factory. At Ufa Engine Industrial Association technical upgrading of accessories large-scale production for helicopter engines is spent.

In Ishimbay at "Bityaz" machine-building company facilities together with the Russian-Chinese «Honghua CIS» company it is planned to start an enterprise for manufacturing heavy drilling units for exploration and development of oil and gas fields till the end of 2015. Annual overall production is nearly 9 billion rbl.

Last year the republican Government concluded cooperation agreements with the companies «INTER RAO UES», "PET-Technologies" and the Russian Direct Investment Fund. The investment agreement is signed with the largest Austrian company «Kronospan Holdings East Limited» on the project focused on timber industry complex development. The republic successfully co-operates with investors from Turkey, Brazil, Germany, Czechia and France.