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Two Mechel projects in the Far East are waiting for state support at 12 billion rubles - EastRussia | Far East

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Two Mechel projects in the Far East are waiting for state support at 12 billion rubles

"Mechel" hopes for the state support of the Elgin project and the port of Posiet in the Far East at 12 billion rubles

Two projects
This was announced during the annual shareholders' meeting by the general director of Mechel Oleg Korzhov, TASS said.
"The company filed two applications for the state support of the Elgin project and the port of Poset for a total of about 12 billion rubles, including 10 billion for the Elga, the rest for Poset. At the end of the 2015 year in Minvostokrazvitiya of Russia, our projects for the construction of infrastructure facilities were selected and approved.

To date, the issue is under consideration by the commission. We expect that in the near future a positive decision will be made on these issues, "Korzhov said.