Rusal To Invest ₽500 Million In Program To Fund 11 Civic Improvement Projects Throughout Russia

Rusal To Invest ₽500 Million In Program To Fund 11 Civic Improvement Projects Throughout Russia

Russian Federation aluminium behemoth U.C. Rusal will invest ₽500 million (US$7.9 million) to support eleven infrastructure and recreational programs throughout Russia.

Rusal chose the eleven projects as part of a competition last year in which over two dozen urban projects were evaluated by company representatives, subject matter experts, and online poll participants. Almost 20 thousand voters participated in the online poll, which ultimately narrowed the field to the winning eleven projects.

Included in the winning projects are improvements and repairs to city parks in Tayshet and Achinsk, while Tayozhniy and Shelekhov will receive new parks as part of the initiative. Additionally, repairs and upgrades to the Sayanogorsk city center will be carried out as part of the initiative, and event centers and related infrastructure will be built in Kandalaksha, Bratsk, Kamensk-Uralsk, and Cheremukhovo in Severouralsk. Volgograd will see an upgrade to its stadium, and Krasnoturyinsk is slated to receive improvements to its riverfront along the Turya River.

In a press release announcing the project, Rusal’s CEO Evgenii Nikitin noted the uniqueness and importance of this year’s competition.

“The grant competition this year takes place as the social programme RUSAL Territory marks its tenth anniversary so it is a truly special event this year. This is reflected in both the total amount of money in the grant and the significance of the project applications. We are looking forward to the beginning of the work including the detailed drafting of the projects by the architects and other important work necessary for the projects to take shape. The implementation of the projects is scheduled for 2021-2022. It was crucial that these projects were selected by the local people who live here and will make the most of it, which means that our support will meet the most urgent demands of the city and will bring to life these amazing plans.”

Rusal says that, with co-funding factored in, the program’s total spend is over ₽660 million (US$10.4 million) across all eleven projects.