OREANDA-NEWS. “Group GAZ” and Administration of Tver region have signed the agreement on social and economic partnership for the period till December 31, 2010.

The document provides for cooperation of the parties with the purpose of development of social and economic potential of Tver region, and also with the purpose of creation of favourable conditions for effective activity of the enterprise “Tver dredge”, being a part of “Group GAZ”.

Within the frameworks of the new agreement “Group GAZ” incurs obligations on realization of the investment program on “Tver dredge” with the target volume of investments more than 1,3 billion roubles. The program of strategic development is calculated for the period till 2010.

Its purpose is to generate headquarters plant of the Battalion “Special equipment” on manufacture and development of all products of road-building equipment of “Groups GAZ” on the basis of “Tver dredge”.