OREANDA-NEWS. October 2, 2009. A ceremony to open the Industrial Park Biek Tau was held in the Republic of Tatarstan. The Park is the largest world’s class production-logistics complex. In attendance of the ceremony were Tatarstan’s Prime Minister Rustam Mannikhanov, Russia’s Deputy Transportation Minister Oleg Belozerov, Management Board Member – Vnesheconombank Deputy Chairman Anatoly Ballo, CJSC Logopark Biek Tau Board Chairman Artur Trofimov.

The rated capacity of the Biek Tau Production-Logistics Class “A” Complex is 260 thousand square meters and it makes it possible to place state-of-the art high-technology production lines and handle up to 9.5 million tons of cargoes per year. The floor space of the Industrial Park’s facilities is 159 thousand square meters. A modern infrastructure has been built on the territory of the Biek Tau Park: a boiler house, an electric power plant, a gas insulated substation and water tower station. The implementation of the project will create 2.5 thousand new jobs. The Biek Tau Industrial Park is expected to achieve planned figures of earnings by the end of 2010, and in 2011 the construction of the third building of 100 thousand square meters is to continue, with investment amount being 2.3 billion rubles.

Up until now more than 5 billion rubles have been invested in the project, with 3 billion rubles out of them accounting for Vnesheconombank’s funds and 2 billion rubles for CJSC Logopark Biek Tau’s funds. The Agreement between Vnesheconombank and CJSC Logopark Biek Tau on financing the construction of the Industrial Park was signed in the course of the 7th International Investment Forum Sochi-2008.

Biek Tau is one of the first facilities of Vnesheconombank’s long-term program of financing industrial infrastructure. The facility is located at the intersection of West-East and North-South international transport corridors and this would help to develop their infrastructure, increase freight traffic running through Russia’s territory and promote the export of transport services.

As of today, Vnesheconombank’s corporate governance bodies have made decisions to finance more than 30 infrastructure projects worth about 540 billion rubles, with the Bank’s participation share being more than 260 billion rubles. 23 projects worth about 327 billion rubles with the Bank’s participation of about 200 billion rubles started to receive financing. The total amount of funds provided by Vnesheconombank is in excess of 70 billion rubles. Revenues to budgets of all levels under infrastructure projects being already financed by Vnesheconombank will amount to about 200 billion rubles for a period of their implementation. About 28 thousand new jobs are planned to be created.