As the Deputy Governor of Nizhny Novgorod Region for socio-economic planning, budget treatment and investment policy Vladimir Ivanov reported, the investment in the PVC Integrated Plant Project with an annual capacity of 330 kilotons will total RUR 22.3 billion.
The project payback period is 136 months. Tax benefits will be granted for seven years. The Project will create 475 new jobs. This investment project will also enable the budget to receive RUR 1 billion (individual income tax not included).
The Investment Agreement fulfilled, the budget of Nizhny Novgorod Region will be annually receiving RUR 351 million in taxes.
Copyright © 2007 Nizhny Novgorod News Agency “Nizhny Novgorod”.