OREANDA-NEWS. November 14, 2007. Yuzhtransavto launched the building of the automobile entity in Rostovskaya region.

The project will demand 11mln euro in 2008; the funding will be provided by the leasing company MAN Finance and Promsvyazbank.

Yuzhtransavto is the entity of the new type which uses the cargo facilities made at MAN and KOEGEL. The motor car park will be expanded to 300 units by 2012 which can make the Company one of the largest carriers in the southern and European part of Russia. Till 2012 43.5mln euro will be invested in the program.

Yuzhtransavto was set up in 2007 to settle the cargo transportation problems. The founders involve IC MirInvest and MC RAPT (Russian Agro Industrial Trust).