Sakhalin Oblast, Mining Industry Investment Project

 Development of Solntsevsk coal minefield in Uglegorsky region with an aim to increase volumes of coal mining and its export realization

Duration and stages of project implementation: 5 years.

Implementation of the project is planned from 2008

Current implementation stage of the project: In 2007 it is planned to finance the preparation of the Basis of the investments into development of Solnstevsk coal minefield at the expense of budget funds of Sakhalin oblast at the rate of 0,66 M Euro

Type of state support: Development of the project, assistance in its carrying out Property and/or liability rights of investor to the results of implementation of the project: Right of property and management of created company

Estimated cost of the project: 185 M Euro Sources of financing (%): Funds of private investor – 100

Payback period: 10 years

Essential project documentation: There was confirmed balance stock of coal

Availability of the final state, departmental and environmental permission: After development of the Basis of investment the document will be submitted for approval to the public authorities of Sakhalin oblast Means of attraction of the investments:credit

Initiator of the investment project:Department of fuel and energy complex and housing and utilities infrastructure of Sakhalin oblast, 16, ul. Karla Marksa, Juzhno-Sakhalinsk, 693000

 Contact Info: Head of the Department - Plokhov Jury Nikolayevich Tel: +7 (4242) 74-12-02 Fax: +7 (4242) 72-84-48

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