At the regular session of the Board of Special Economic Zones and Special Mode of Investment Activity in Donetsk region there have been approved 8 projects to the total amount of 80 mln. UAH.

Mariupol state commercial seaport offered for consideration the Investment Project "Reconstruction of quay № 10" in the value of 3,3 mln. USD. The modern technology of materials handling work will provide 38% increase in transshipment of metal material, that is very significant in view of the considerable growth of metal production and the increasing demand for it on the world market. The updated quay is to be put into operation in January, 2002.

Open Stock Company "Concern "Stirol" submitted the Project "Reconstruction of production of cellular polystyrene" to the amount of 2 mln. USD. Payback period - 3 years. The production will find the market in Western Europe, Baltic States, SIC countries, and in Ukraine.

Open Stock Company "The Plant "Multipurpose equipment" offered the Project aimed to create in Donetsk the production of welding materials of special purpose. The implementation of the Project will allow to create 200 jobs. Payback period - 5 years. The cost of the Project - 2 mln. USD. The consumers of these products are shipbuilding yards, ship-repairing yards (docks), turbine plants, thermal power stations and atomic power stations.

Joint Stock Company of a closed type "Novokramatorsk Engineering Plant" presented the Project "Organization of production of high-quality articles made of mild steel on the basis of modernization of steelmaking, heating, thermal, and welding equipment. The Project, the cost of which is 1,9 mln. USD, provides for creation of 400 jobs.

The city Torez presented its first Project to be realized within the framework of the Law about Special Economic Zones. Joint Venture Limited Liability Partnership "Selik" has intention to organize wood processing and establish furniture manufacture. The Turkish firm TPP Limited Liability Partnership "Ap Chelik Raf" became an investor of the Project. This firm is ready to invest 1,2 mln. USD and create 50 jobs. Joint-Stock Company of a closed type "Mushketovskaya avtobaza" offered for consideration in the Board of SEZ the Project "Organization of a mechanical motorcade" to the amount of 1 mln. USD. Payback period of the Project - 4 years.

Joint-Stock Company of a closed type "Agrofirm "Bogatyr" intends to invest 1 mln. USD in modernization of Donetsk milkplant and create at this enterprise 300 jobs. It is planned to put into operation a new manufacturing line and produce milk products of long-term preservation.

PE "Roketlife" offered the Project "Setting up of production of ingredients for food industry". The investor, a Dutch firm "Unikom", invests 1 mln. USD in the form of trade credit. The enterprise is to be put into operation at the beginning of the next year. The expenses spent on realization of this Project will be repaid in 3,5 years. Besides, there will be created 35 jobs.

Including these 8 projects accepted at the Board, 106 investment projects in total have been approved for realization in Donetsk region to the amount of 4 milliard UAH (in USA dollars it is equivalent to 706 mln. USD). Among these, there are 59 projects with the foreign investors' participation.