10 December 2002
Government to allocate $3.5 million for Brest zone infrastructure
The Belarusian government plans to allocate more than $3.5 million for the development of the Free Economic Zone (FEZ) "Brest" infrastructure in 2003, Nikolai Krivetsky, the FEZ chief manager, told BelaPAN.
In 2002 the government spent $1 million for the purpose, an amount insufficient for developing the FEZ new areas, Mr.
Krivetsky said.
The FEZ occupies a total area of 71 square kilometers and includes the electric and mechanical, lamp, electronic, and machine-building factories and the electronic factory Tsvetotron.
The FEZ currently has 95 resident companies: 45 fully owned by foreign investors and 28 involving foreign capital. The companies pledged $120 in investment and have already invested $70 million.
Each $1 invested by the government in the infrastructure generates a return of $7.3, Mr. Krivetsky said.
http://brestonline.com/en/news/news321.html