RUSSIAN BILLIONAIRE TO INVEST USD150 MILLION IN DEVELOPING RUSSIA’S NOVY URENGOY AIRPORT
March 1st, 2018
Russian billionaire Viktor Vekselberg has confirmed plans to invest about Russian Roubles RUB8 billion (USD140 million) in developing an international airport at Novy Urengoy, in the Yamalo-Nenets Autonomous Okrug, a major oil and gas production centre in northern Siberia.
A concession agreement, signed between Vekselberg’s investment company Renova Holding and the Yamalo authorities, involves the billionaire promising to redevelop the existing Novy Urengoy airport by 2021. The investor is to build a new 10,600 square meters passenger terminal, giving the ...
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