The government of the Moscow region, Russia, signed an investment contract on the construction of Mercedes-Benz plant in the area, the region’s Governor, Andrey Vorobyov, wrote on his social media account on Tuesday evening.
The Governor noted that the document had already been forwarded to the Russian Ministry of Industry and Trade. According to the Deputy President of the Moscow regional parliament, Denis Butsaev, a famous Russian truck manufacturer Kamaz became a project partner and it will be engaged in assembly operations.
The plant’s owner is Daimler. This is the first contract on the construction of a plant owned by this Western car-making giant in Russia over the course of the last 10 years. The facility will be located in Peshkovskoye village, on the territory of “Yesipovo” industrial park.
Construction activities at a site will start in 2018, the first product line is scheduled to be released in 2019. Investments in the project are estimated at €300 million.