At 28 February the meeting of the Board of SEZ and special investment regime in Donetsk Region took place that approved 6 investment projects presented by Donetsk Region enterprises.
Thus the total amount of the investment projects approved by Board for introduction is now as a high as 77 while the total investment sum is more than 625M USD.
Closed JSC "Football Club Shakhtyor" has presented the project "Complex Reconstruction of Donbass Hotel", which is to require 20M USD. The investor of the project is Closed JSC "FC Shakhtyor", Dongorbank etc. According to the plan the reconstruction is over by 2001, the term of playback period being more than 4 years.
"Skrab" Ltd has present the project "Utilization of slag disposal area at Makar Mazay street". According to the project the utilization of a.m. disposal is to be accompanied by crused stone and mosaic plate production. The cost of the project is 2.9M USD. The investor is Syrian Company Maleh.Est. Hassan. Maleh Business Establishment.Damascus (Syria). The playback period of the project is about 3 years.
The board of SEZ has also approved the following projects: open JSC "STYROL Consern" "Modernization of ammonium production on the stage of nitrogen-hydrogen mixture production in tube furnace of primary reforming". The cost of the project is 3.5M USD. Closed JSC "Novokramatorsky machine building plant" presents the project "The manufacture of modern machinery for national industry development on the basis of highly-equipped mechanical treatment complex creation and progressive technologies introduction". The cost of the project is 11.95M USD. After final examination the project was approved on the preparation and extraction of two north coalfaces of "Krasnolimanskaya" SHC, the project of closed JSC "Saturn" "Modernization of operating meat products and sausages facilities to provide the wide range of high-quality products and new foods fabrication". Total project cost is 1.6M USD. Investor is "REFF Holdings Pls" (England).