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23 May, Wednesday

Ufa   °

Ten investment projects involving Chinese capital to be implemented in Bashkortostan


UFA, 8 July 2015. /Bashinform News Agency, Rozaliya Valeeva/.

In Bashkortostan 10 projects with investors from China are being prepared for implementation. This was announced by the Head of Bashkortostan Rustem Khamitov at the briefing "Ufa — the Capital of the BRICS and the SCO Summit" in the international press centre on July 8.

“We create good conditions for investors — tax incentives, low administrative barriers, individual support of large investors — in short, we create a comfortable business environment,” the Head of the Republic marked.

The republic will work jointly with Chinese partners in agriculture, construction of enterprises, in particular, a plant for production of rapeseed oil, sugar. It is also planned to build a metallurgical plant, which will process scrap metal — recycled materials. It is assumed that the plant capacity will be 300-400 thousand tons per year. It is supposed to work in the field of mining waste processing — gold and silver can be extracted from such waste.

“We consider projects in the field of tourism, logistics and construction of highways”, Rustem Khamitov said. “We plan that construction will begin in 2015, and in 2016-2017 the objects will be put into operation.”

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