Economics Ingushetia

Ingushetia is planning to build sugar-refinery for 10 million dollars

22.02.2006 Editor

INGUSHETIA, 22 February, Caucasus Times. Interfax quoting Deputy Minister of Economic Development of Ingushetia Ruslan Khadziev reported that government of Ingushetia is planning to build sugar-refinery for 10 million dollars.

In Khadziev’s words, work on planning documentation and budget allowances is currently going on. In total, 4.3 million rubles are alotted for this project for 2005-2006 from the republican budget.

“When work on planning documentation and budget allowances is finished, total costs and time of construction will be defined”, – Khadziev pointed out. He also explained that additional non-budget financial sources will be used for the construction of the sugar-refinery.

Rated capacity of the plant will be 500 tons of sugar per 24 hours. Implementation of this project would enable to create up to 100 new jobs and to use capacities of a number of the local agricultural enterprises.

Caucasus Times

Editor

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