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ST. PETERSBURG, May 19. /ITAR-TASS/. St. Petersburg expects 15 cooperation agreements to be signed at the International Economic Forum (SPIEF 2014), Governor Georgy Poltavchenko told ITAR-TASS on Monday.
One of the projects is construction of the 240-hectare residential area Planetograd for 102 billion rubles ($2.9 billion) agreed upon with the Israeli company Morgal Investments and approved by the city’s investment council. The investor would finance social infrastructure and roads, added Poltavchenko.
Another project is a cutting-edge rebar and long steel products facility in the Kolpino industrial zone.
The last-year forum resulted in 16 cooperation agreements and memoranda, thus attracting investments of 130 billion rubles against the expected 100 billion rubles ($2.88 billion).
SPIEF 2014 will take place on May 22-24. The forum comprises of round tables, investment presentations and business meetings will gather presidents, prime minister and parliamentary speakers, proxies of international organizations, entrepreneurs, academics and public figures.