25 Aug '09
Authorities in the Republic of Mary-El have announced plans to carry out a $70m residential construction project in the capital Yoshkar-Ola.
Under plans, the regional authorities are to ask the RF Investment Fund to co-invest in the project.
The project is reportedly to be carried out under private-public partnership with as-yet-unnamed private investors.
Under plans, a total of 1,100 new jobs are to be created throughout the project, and 43,000 square meters of residential housing are to be built.
Timeframes for the project have yet to be announced.