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.

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