Crimean Venture Company to invest US$ 1.5bn in Crimea infrastructure projects

Crimean Venture Company (CVC) is ready to invest over US $ 1.5 billion in infrastructure projects, including road-based projects, in the Autonomous Republic Crimea. The list of projects also features development of railways, the construction of a sea port, a new airport, reclamation systems, industrial and logistics complexes, waste processing and disposal plants in the north of the peninsula. The development of tourist complexes in the south-eastern part is another element of the $ 1.5 billion investment.
October 15, 2012 Read time: 1 min
Crimean Venture Company (CVC) is ready to invest over US $ 1.5 billion in infrastructure projects, including road-based projects, in the Autonomous Republic Crimea.

The list of projects also features development of railways, the construction of a sea port, a new airport, reclamation systems, industrial and logistics complexes, waste processing and disposal plants in the north of the peninsula. The development of tourist complexes in the south-eastern part is another element of the $ 1.5 billion investment.

CVC owner Neil Smith and chairman of Minister Council of Crimea Anatoly Mogilev have signed the corresponding memorandum of cooperation during the third Black Sea Economic Forum.

Related Content

  • Indonesia plans $490 billion infrastructure spend over the next five years
    October 8, 2014
    According to the government of Indonesia, US$490.7 billion (IDR 6,000 trillion) will be needed in the next five years for a series of major infrastructure projects across the country including roads, bridges, power plants, ports and airports. The government hopes that investment projects like these will boost its economic growth rate to 7% per annum versus 5% this year. This latest announcement follows on from an Indonesian government report last November, which unveiled plans to invest $35 billion in new
    Read More
  • Transport infrastructure investment for Europe
    April 13, 2015
    According to a new report by Timetric’s Construction Intelligence Centre, 15 of the major economies in Europe are investing over US$1.43 trillion in road and rail construction projects in the coming years. Russia leads with investment of $433 billion, followed by the UK and France with $263 billion and $167 billion, respectively. The railways sector has the highest value at $804 billion, followed by the roads sector at $301 billion. Tunnels and bridges is valued at $227 billion and the trams and metros se
    Read More
  • Controversial Russian bridge opens
    August 10, 2018
    The first stage of a controversial Russian bridge project is now complete, with the link having been opened to use by cars and buses. The Kerch Strait bridge spans the Black Sea, connecting Russia’s Taman Peninsula in Krasnodar with Crimea, the latter having been controversially annexed by Russia from Ukraine in 2014. The official opening of the 19km-long bridge was carried out by Russia’s president, Vladimir Putin, who drove across the link in a Russian-manufactured Kamaz truck to reach the city of Kerch.
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More

Highlighted Content