OREANDA-NEWS. October 09, 2013. Sveza and government of Vologda Oblast signed investment agreement to develop and implement of investment project.

Total investment for the pulp plant construction is estimated to be approximately USD 2 billion. Private investment will amount to about 90%. The project will be implemented on a public-private partnership, as the company said in the press release received by Lesprom Network.

New facility will have an annual capacity of up to 1 million tonnes of bleached sulphate pulp.The start-up is scheduled in 2018, but exact term will depend on all final approvals.

At the moment, pre-construction phase has already started.