In accordance with the Federal Law "On special economic zones in the Russian Federation" № 116-FZ, dd 22.07.2005, and the Decree of the Government of the RF № 782, dd 21.12.2005, the decision was taken to create a special economic zone of an industrial productive type at the territory of Lipetsk region of 10 sq. km size.
The said zone has been founded to develop a processing industry, hi-tech industries and new type productions in the region.
The said zone is regulated by the following conditions:
- 20 year period of validity;
- project capital investments in roubles should be equivalent to 10 mln euro (during the first year - not less than 1 mln euro) according to the rate of the Central bank of the RF;
- engineering, transport and social infrastructure is financed from federal and regional budgets, as well as from other sources;
- state support of the residents of the special economic zone.
