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19.02.15 | UMMC to retain the investments in social development of Orenburgskaya oblast on the level of the previous year

Orenburg (Orenburgskaya oblast)



Today Yury Berg, the Governor of Orenburgskaya oblast and Andrey Kozitsyn, the General Director of UMMC, signed Social and Economic Partnership Agreement between Orenburgskaya oblast and UMMC Corporation for 2015.

According to this agreement the UMMC investment share in social and public projects realized together with regional and municipal administrations will be 200 million rubles which is the level of the previous year. As a year before, the greater part of the money shall be used to deliver vital infrastructure in the cities and towns, where UMMC companies are located: Gai town with Gaisky concentrator, and Mednogorsk with Mednogorsky copper-sulphuric plant. The principles of public private partnership shall also remain the same. They provide for joint financing of key spheres of infrastructural development out of funds of UMMC, regional and local budgets.

- What is more important, in the frame of the first Agreement we prepared construction estimate documentation for key infrastructural objects of both towns. Therefore in 2015 we shall continue with the projects we designed in 2014, - underlines Andrey Kozitsyn, the General Director of UMMC. – If within 3-4 years we continue in the same pace, we will be able to not only solve problems in infrastructure accumulated for decades, but we will also make both towns attractive and comfortable for life and work.

- UMMC has always been a socially oriented company, - underlines Yury Berg, the Governor of Orenburgskaya oblast. – Everything we do in the frame of such agreements is aimed at people, so that the people who live there could see the town being developed, improved and more comfortable.

Moreover, the present Agreement provides that this year Orenburgskaya oblast Government shall establish special complex programs for development of Gai and Mednogorsk by 2020, which shall be realized on the principles of public private partnership. The first Social and Economic Partnership Agreement between Orenburgskaya oblast and UMMC Corporation was signed in 2003. As the parties explain, such type of cooperation became an effective instrument of public private partnership in social and economic policy of the region and the company.

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