Monocity Kaspiysk gets support from Russian Monocity Development Fund

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Makhachkala, April 14, 2015. Monocity Kaspiysk got support from the Russian Monocity Development Fund, the press service of the republican ministry of economic development told RIA Dagestan.

The working group on monocities modernization under the Governmental Commission on Economic Development and Integration in World Economy met in Vnesheconombank in Moscow to also debate the issue of financing the engineering infrastructure of the Uytash investment platform.

Here, Dagestan was presented by Dagestan Head Ramazan Abdulatipov, deputy Dagestan Prime Minister and minister of economy and regional development Rayudin Yussufov, deputy Prime Minister Arthur Sibekov, head of Dagestan Monocity Directorate Rustam Gadjikhanov, his deputy Hanmagomed Rakhimov, and Kaspiysk mayor Magomed Abdulaev.

Rayudin Yussufov made a report on the socio-economic situation of monocity Kaspiysk and its development. Hanmagomed Rakhimov informed the working group members on the situation with the project design and estimate documentation. Then, participants heard investors’ reports on the implementation of the investment project.

The meeting unanimously agreed to support Dagestan application to further submit the documents to the Monocity Development Fund so that later they sign an agreement with Dagestan government.

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