Date: 9 months ago   Category: Industry

EDB will allocate 4 billion rubles for construction of the plant on release of Lada in Kazakhstan — Rambler News Service


Eurasian Development Bank will provide 10 billion rubles on construction of automobile plant of the Azia Car Kazakhstan company on release of Lada, the Azia Car company has reported. "EDB will provide financing of the project regarding delivery of processing equipment of shops of welding and coloring of an automobile body. Terms of agreement provide investment crediting of 4 billion rubles of 10 years" — it is said in the statement. Commissioning of the first stage of the plant will allow to produce 60 thousand cars everyone in the mode of a full cycle and to start creation of science and technology park on production of autocomponents. AvtoVAZ owns 25% 1 stock of the Asia Car Kazakhstan company, 75% belong to the main investor represented by "Bipek Avto — Asia Avto" group of companies. Production from the plant will be on sale in Kazakhstan and also in the countries of the Euroasian union and Central Asia. "Bipek Avto – Asia Avto" has invested $67,1 million in the project. Construction of cases of shops of welding and coloring has begun in July, 2018. "Asia Avto" is the largest producer of cars in Kazakhstan. Technological partners of the plant is AvtoVAZ, Volkswagen AG, General Motors and Kia Motors. Production capacity is 60 thousand cars a year. The plant, including, assembles in the krupnouzlovy way the Lada 4x4, Granta, Kalina, Vesta, XRay and Largus cars.

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