OREANDA-NEWS. Over the 2007-2011 period IzhAvto is going to invest $50mln in the development of the production.

The funding will be provided at par: 50% out of own funds and 50% out of the loans. The strategy of the development is aimed to cooperation with the foreign automobile corproation and expansion of the models number. The output of Kia will be raised to 80th/y by 2010. The total output is assumed to reach 120th cars by 2009. To launch the new investment programs and fund the current credit portfolio IzhAvto is going to release the bonds in the volume of 2bn rub.