24 Mar '10
Authorities in Kirov region have presented a $222m Mono-City Vyatskie Polyany Investment Development Plan.
Under the Plan, the funds are to be used to support the city’s main plant – defense products manufacturer Molot, as well as to launch alternative investment projects.
As for Molot support, the authorities intend to buy out the plant’s non-core assets, such as boiler house, as well as to modernize the plant’s production of civil products – sports and hunting guns and gas boilers.
Authorities also intend to launch seven new investment projects in the region, with 1,500 new jobs to be created.
The projects include, production of basalt pipes, zinc powders, antirust primers, brick tiles, sandwich-panels, polysterene foam boards and ships of various modifications, officials said.