OREANDA-NEWS. Private investment in the creation of the automotive cluster of "Avtotor-Holding" in the Kaliningrad region could be reduced by half, to 60 billion Rubles, said the company president, Valery Draganov.

"60 billion rubles are private investments, including borrowed money. When we signed the agreement on industrial assembly, our project was estimated at 150 billion Rubles, among which up to 80% of investments (120 billion - Ed.) were private”, - said Mr.Draganov. Thus, the investment can be reduced by 60 billion Rubles, says the agency "Prime".

Mr.Draganov explained that these funds are intended for the construction of the industrial cluster, it is about the car plants of a full cycle and production of automotive components. "Another thing is that with a reduction in the volume of investments the planned number of plants decreased threefold. Consequently, the number of jobs, expected taxes and multiplicative indices fell by the same share, "- said the president of “Avtotor-Holding ".

Budget funding of engineering infrastructure within the Federal Target Program (FTP) development of the Kaliningrad region decreased, and currently it is at 5 billion Rubles, explained Mr.Draganov. The situation is complicated by the fact that it is necessary to fix not only the amount of funding, but the list of objects, he added.

However, if in the near future the decline in the car market will slow down, then there may come a temporary improvement of the investment climate, says Mr.Draganov. At the same time, he notes that it is impossible now to talk about the exact value of investments in the construction of the automotive cluster.

"Over the last year, six months, three months, or even a month, as the deterioration of macroeconomic parameters there was not only an adjustment to decrease the parameters of the project, but also slow down the negotiation process or impede of implementation of existing commitments. However, our main partners have confirmed their participation in the project. The invested by us money, we believe, is not in vain, and the presumed government funding will be fulfilled”, - said the head of "Avtotor Holding".