Tuesday, June 27, 2017

Sverdlovsk governor approves $16.5 million Titanium Valley allocation

Sverdlovsk Governor Evgeny Kuivashev has allocated more than $16.5 million from the region's budget for the development of the Titanium Valley economic project.

Now in its second phase of development, the Titanium Valley project will begin construction on a natural gas pipeline to supply gas to the zone's facilities. When complete, the pipeline will measure more than five miles long, Ural Business Consulting reports.

Currently, crews are at work setting up construction headquarters for the site and are preparing to install a four mile-long fence around the zone. Electricians will soon begin connecting Titanium Valley to the region's power network.

Overseeing the project is the Titanium Valley Management Company, which plans to welcome the valley's first residents later this year. Project officials report that the governor's $16.5 million allocation will fund facilities construction for Titanium Valley's inaugural tenants, according to Ural Business Consulting.

By the end of 2013, Titanium Valley is scheduled to be equipped with natural gas, electric power, water supply, sewage disposal, a customs point and an array of new roadways.