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Socially important projects of the Ekaterinburg will be implemented with the attraction of private investments

• 04 July 2021

Yekaterinburg Mayor Alexey Orlov and Maxim Prachik, CEO of Central Urals Regional Development Corporation (URRC), signed a cooperation agreement on Monday July 5, 2021 at "Innoprom" International Industrial Exhibition.

The document provides for joint activities on attracting investments, creating a favorable investment climate, as well as the development of urban infrastructure, including on the principles of public-private partnership.

"Today we have laid a solid foundation for cooperation with one of the leading regional development tools - the Corporation for Development of the Middle Urals. We are set to pursue a pro-investment policy. The competences accumulated through the years will help us to move more actively in this direction", - Alexey Orlov, the Head of Ekaterinburg, said.

The pilot projects that are planned to be implemented through public private partnership mechanisms will be presented at the presentation of priority investment projects of the municipal formation of the city of Ekaterinburg on July 6 at Innoprom. First of all, these are projects that solve social problems and create a comfortable urban environment for Yekaterinburg residents.  Among them are the construction of a sports and recreation complex, the development of a network of children's health camps, and the creation of the Palkino Nature and History Park.

"PPP mechanisms are designed to consolidate the resources of all stakeholders: residents, state and business, public organizations and financial institutions to achieve the best results. It is an excellent tool for realization of socially important tasks. The Corporation is ready to conduct expert review of documents and preparation of opinions on legal and financial issues, preparation of financial models, development of tender documentation and draft agreements on PPP. We are glad to take part in realization of large-scale and important for the city and the region projects." - Maxim Prachik, General Director of the Middle Urals Development Corporation.