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Federal Budget 2012-2014 Provides RUR 1.1 bln For Sevmash Shipyard
![Federal Budget 2012-2014 Provides RUR 1.1 bln For Sevmash Shipyard Federal Budget 2012-2014 Provides RUR 1.1 bln For Sevmash Shipyard](/upload/iblock/eae/sevmash.jpg)
In particular, budget 2012 implies over RUR 263 mln as payment of interests on credits granted by Vneshekonombank.
Besides, it is planned to appropriate RUR 282.23 mln in 2012 for re-equipment and modernization of the shipyard, RUR 306.15 mln in 2013, and RUR 252.3 mln in 2014.
Sevmash shipyard was established in 1936. Since 1939 the yard has built 45 surface ships and 163 submarines including 128 nuclear-powered ones. Since 1990 Sevmash has built over 100 various civil vessels for foreign customers (tugs, minibulkers, pontoons, fish-breeding plants). The shipyard puts high priority on Arctic oil-and-gas field development projects.
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