Investment by the Turkish company AGSEN Property in the construction of an elevator complex in the Penza Region’s Tamalinsky District will total RUB 2 billion.

“The first stage of the elevator, which was built by the Turkish company AGSEN Property LLC in the Tamalinsky District in 2014, is designed for 50,000 tonnes of grain. Now the project has moved on to the construction of the second stage of the elevator complex with capacity of 100,000 tonnes of storage of cereals and oil crops. Estimated investment in the project’s implementation is RUB 2 billion. Turkish investors will create at least 75 additional jobs for the population of the Penza region”, Penza Region Governor Ivan Belozertsev said.

He noted that after Russian President Vladimir Putin decided to restore Russian-Turkish relations, Turkish companies intend to continue economic cooperation with the Penza Region, in particular Turkish investors have already managed to build a concrete mortar unit and there are plans to build a brick factory.