Avtovaz to invest 9.9 bln rubles in 2010, 31.9 bln rubles in 2011
MOSCOW. March 17 (Interfax) - Avtovaz may invest 9.9 billion rubles in 2010 and 31.9 billion rubles in 2011, according to the growth strategy to 2020 that has been submitted for approval to various government agencies.
Investment in 2010-2020 will total 183.5 billion rubles, including 127.5 billion rubles from internal sources, 42.5 billion rubles in borrowing and 13.5 billion rubles in investment from Renault for contracted assembly.
The company plans to receive a loan at 12% repayable in 2018.
Investment under the growth strategy will total 18 billion rubles in 2012, 18 billion rubles in 2013, 38.9 billion rubles in 2014, 23.7 billion rubles in 2015, 8.5 billion rubles in 2016, 3.5 billion rubles in 2017, 14.2 billion rubles in 2018, 8.3 billion rubles in 2019 and 8.3 billion rubles in 2020.
RTS$#&: AVAZ