Stavropol Territory to receive funds for implementation of priority projects

The Russian government will co-finance four priority projects of the Stavropol Territory from the Russian Federation Investment Fund, Yuga.ru reports.

The first project provides the construction of a mini-steel plant in Nevinnomyssk. The second project provides organization of the production of antibiotics in Stavropol. About 1 billion 327 million rubles will be allocated for two projects from the federal fund.

The commission has also approved a Lukoil company project on construction of a gas-processing complex in the city of Budyonnovsk. Until the end of 2011 the project will receive 1 billion 430 million from the Investment Fund of the Russian Federation.

Also in September, the Russian government decided to allocate 492 million rubles from the Investment Fund of the Russian Federation for building a regional industrial park in the city of Nevinnomyssk .