RusAutoNewsCom.- A letter of intent has been signed between the Russian Ministry of Business and Commerce Denis Manturov, the Governor of Tula Area Alexei Dyumin and the Chairman of the Board of Nice Wall Motor Wei Jianjun on the 23rd St Petersburg Financial Discussion board.
Nice Wall Motor Firm will tackle the second part of the funding venture with the development of a automotive plant in Uzlovaya Industrial Park in Tula area. A second stamping line and an engine manufacturing plant will probably be constructed throughout the scope of the venture. The corporate plans to make an funding of 27 billion rubles and enhance the annual manufacturing capability of the manufacturing unit to 150,000 automobiles, throughout the framework of the venture. As much as 1500 new jobs will probably be created.
“Yesterday we attended the ceremony of the distant launch of manufacturing of the car plant with the participation of the highest officers of the Russian Federation and the Individuals’s Republic of China. We could have signed a brand new funding settlement with the federal government of the Tula area and the automotive firm on additional enlargement of manufacturing, by the top of in the present day. We’re prepared to offer the corporate with all obligatory help for the implementation of the venture” – mentioned the Governor of Tula Area Alexei Dyumin.