OREANDA-NEWS. November 10, 2010. A Ceremony of opening a motorway “The South Entrance to the City of Nizhny Tagil” was held in Nizhny Tagil. The commissioning of the motorway is the first result of the Russian Government’s Program on Modernizing the Economy of Monocities.

In attendance of the Ceremony were Sverdlovsk region Governor Alexandr Misharin, Deputy Head of the Working Group on Modernizing Monocities under the Governmental Commission on Economic Development and Integration Jury Osintsev, Mayor of Nizhny Tagil Valentina Isaeva, Director of Vnesheconombank’s Representative Office in the city of Yekaterinburg Artemy Kyzlasov.

Proposals for financing arrangements of the comprehensive innovative plan of Nizhny Tagil’s development were worked out in March of 2010 by the Working Group on Modernizing Monocities under the Governmental Commission on Economic Development and Integration headed by Vnesheconombank Deputy Chairman Irina Makieva.

The motorway’s reconstruction including the expansion of lanes from two to four is an integral infrastructure part of the project aimed at creating the 2nd stage of logistics integrated facility, with the project being implemented on the principles of public private partnership as part of measures to support monocities in the Sverdlovsk region.

The opening of the motorway “The South Entrance to the City of Nizhny Tagil” would make it possible to increase freight traffic, improve conditions for transit traffic and boost investment appeal of the project to create the 2nd stage of the said logistics integrated facility. The amount of investments in the motorway with a length of 4.5 kilometers was 296.4 million rubles among other things in the form of a budgetary credit of 246 million rubles; 50.4 million rubles were made available from regional and municipal budgets. In the course of the logistics integrated facility’s construction 800 temporary jobs are expected to be created and for a period of operation – 200 constant jobs.

The state’s support for monocities in 2010 is being provided under the Russian Government’s program through developing and approving comprehensive plans for modernizing monocities, a list of which was approved by the Government of the Russian Federation. In 2010, the Working Group on Modernizing Monocities under the Governmental Commission on Economic Development and Integration considered 35 modernization comprehensive plans and worked out proposals for budgetary financing of 26 plans’ arrangements (20 from a pilot list and 6 from an additional one) in 2010 in the form of subsidies and budgetary credits. The city of Nizhny Tagil was among three first cities whose compressive plans were approved. In total there are 335monocities in Russia.