ISR MOTORS LTD. WINS INVESTMENT CONTEST
According to the terms and conditions of the contest, the ISR Motors Ltd. shall within 30 working days pay 1,3 bln manats to the state budget, and submit 65 thousand privatization checks to the State Property Management and Privatization Department.
To carry out preliminary work mentioned in the Investment Program, the ISR Motors Ltd. shall transfer 294 mln manats to the “Neftshala Iodine Bromine” bank account. The company also shall fulfill other conditions of the contracts and the obligation to invest 9,8 bln manats in three stages within 18 months as envisaged in the Investment Program.
The investments will be spent on overhaul reconditioning of wells and providing them with necessary equipment, on repair of buildings and structures, installation of new engineering services, purchasing innovative technologies and so on.
The winner also intends to pay wages and salaries to employees, take charge of the families of shehids and refugees, create first-aid posts and organize trainings for employees.
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