The Board of the special economic zones (SEZ) and special mode of investment activity in Donetsk region at the regular session has approved 5 investment projects to the total sum of $ 8,551 mil.

The project SC "Luganskleginvest" (Lugansk) "Renovation of manufacturing and output of sewing-knitted items" is approved. The investor - SC "Luganskleginvest" -is going to establish knitted items production on the basis of SJC "Shaptr" (Shakhtersk). The cost of the project is $3 860,3 thous. A type of the investments - budgetary funds. The main directions of usage of investment sources - acquisition of the equipment, building and installation works. The term of putting into operation - the first quarter of 2004. Payback period of the project - 5,8 years. The term of development of the investments - about the third quarter of 2003. The term of the initial production output - first quarter of 2004. There will be created 674 new jobs in the course of the project implementation.

Investment project LLP "NPP" ES Polymer" (Artyomovsk): "Manufacturing of polymer insulators". The project provides for creation and exploitation of manufacture on output of polymer insulators for high-voltage lines and contact networks of railway. The cost of the project is $ 1,535 mil. The investor - "Gleeb Production Ltd." (Great Britain), LLP "Energosouz" (Ukraine). A form of the investments is the investors' contribution to the authorised fund. The investments will be directed mainly to the purchase of machines and equipment. Term of putting into operation - February, 2002. Payback period of the project - 1,25 years. Term of development of the investments - about the second quarter of 2002. The term of the initial production output - first quarter of 2002. In the course of the project implementation there will be created 81 new jobs.

Investment project TsOF (central concentrating mill) "Selidovskaia" (Selidovo) "Modernisation and exploitation of production at TsOF "Selidovskaia". The cost of the project - $1,125 mil. The investor - LLP "Ugleproduct". A form of the investments is the investors' contribution to the authorised fund. Main directions of usage of investment sources are acquisition of manufacturing equipment, purchase of commodities and materials. Term of putting into operation - first quarter of 2002. Payback period of the project - 3,3 years. Term of development of the investments - about the fourth quarter of 2002. The term of the initial production output - the fourth quarter of 2002. During implementation of the project there will be saved 369 already existing jobs.

Investment project JSC "Isoliatsia" (Donetsk) "Manufacturing of thermo-insulating slabs from polystyrene foam plastic ". The project assumes creation of joint Ukrainian-Austrian venture on manufacture of thermo-insulating slabs from polystyrene foam of average density 8-30 kg/m3. The cost of the project - $ 1,031 mil. The investor - corporation Prima (Austria), JSC "Isoliatsia" (Ukraine). A form of the investments is the investors' contribution to the authorised fund of a new firm. Main directions of usage of investment sources - acquisition of the equipment, purchase of raw materials, building and assembly works. Term of putting into operation - the third quarter of 2002. Payback period of the project - 3 years. Term of development of the investments - about the third quarter of 2002. The term of the initial production output - the third quarter of 2002. The implementation of the project will create 23 new jobs.

Investment project Joint-Stock Company of a closed type "Mashzavod" (Novogrodovka): "Reconstruction and expansion of manufacturing and developing of new types of products". The project provides for creation of production of household heating devices with a closed gas furnace. The cost of the project is $ 1 mil. A form of the investments is the investors' contribution to the authorised funds of the enterprise. The investments will be directed mainly to the acquisition of manufacturing equipment, construction-installation works, acquisition of raw material and components. The term of putting into operation - the second quarter of 2002. Payback period of the project - 4,7 years. The term of development of the investments is about the fourth quarter of 2002. The term of the initial production output - the first quarter of 2002. During implementation of the project there will be saved 525 already existing jobs and created 7 new ones.

Also the Board of SEZ has approved the increasing of the sums of the investments regarding the following projects:

- DSA "Donbass - Vostochniy. Airlines of Ukraine" (Donetsk): "Providing the safety of flights of JAK-42 planes, delivering comfort and service of high quality to passengers" - An additional sum of the investments- $ 6,34 mil. (an initial sum - $ 9,5 mil.);

- Joint-Stock Company of a closed type "Novokramatorsky Engineering Plant" (Kramatorsk) - "Creation and modernization of steelmaking, heating, thermal and welding equipment " - increased by $ 1,464 mil. ($ 1,95 mil.);

- LLP "NPO Incor & Ko" (Dzerzhinsk) - "Establishment of production of by-product coking products by using original technologies " - increased by $ 0,5 mil. ($ 1,2 mil.);

- LLP "Lafarge Refractories Ukraine" (Volnovakha District) - "Manufacturing of efficient refractories, concretes" - increased by $ 0,015 mil. ($ 1,195 mil.);

- LLP "Agrotechprom" (Volnovakha District) - " Establishment of production on sunflower-seed oil processing " - increased by $ 0,037 mil. ($ 1,015 mil.);

- Joint-Stock Company of a closed type "Sarepta - Viskoplast" (Donetsk) - "Manufacturing of plaster" - increased by $ 0,13 mil. ($ 1 mil.).

Besides, the Board of SEZ has cancelled operation of the certificate of approval issued for realization of the project Joint-Stock Company of a closed type "Mariupol confectionery factory" (Mariupol) "Organisation of manufacturing of new types of confectionery" because of the refusal of the investor.

In Donetsk region within the framework of the Law about SEZ the creation of a raw materials base for producing meat products began. This was announced by the assistant of the chairman of the regional state administration, assistant of the chairman of the Board of the SEZ and special mode of investment activity in Donetsk region Andrey Kluev.