Source Pravda.Ru

Ford to Contribute USD 3 Million to St. Petersburg's Tercentenary Celebrations

Ford Motor Company intends to contribute USD 3 million to St. Petersburg's Tercentenary Celebrations. Alexander Zapesotsky, Director of the St. Petersburg Fund said not necessarily the whole amount would be paid out in cash. Beside purely monetary donations, Ford Motor Company will organise the use of Ford automobiles during the welcoming of guests.

Yet so far Ford and the fund have trouble legally validating their relationship due to the imperfection of Russia's legislation. Mr. Zapesotsky says, 'Sometimes our relationships with willing sponsors are of so individual that we have to specifically consult various agencies, such as the Department of Revenue, to have this or other version of agreement approved. For instance, Ford may be afforded advertising in St. Petersburg commensurate with its donation. Finding a compromise in a situation like this takes a lot of time.

The official opening of Ford's plant in the town of Vsevolozhsk, the Leningrad Region is scheduled for July 9. Its construction began back in 1999 and initially it was supposed to be opened in the end of the year 2001, then in May 2002. Investments in the construction amounted to about USD 150 million. The plant will output Ford Focus sedan, hatchback, and station wagon automobiles. The rated annual capacity of the plant is 25,000 units, 4,000 to be output before the year 2002 is over. In 2003, the plant will produce about 10,000 automobiles.

The St. Petersburg Fund was created in 2000 by the administration of St. Petersburg with the purpose of accumulating non-budgetary funds necessary for celebrating St. Petersburg's tercentenary. Vladimir Yakovlev, St. Petersburg's Mayor, is the Chairman of its Council of Trustees. The members of the fund headed by Mr. Zapesotsky include such known figures of science and culture as academician Zhores Alfyorov, maestro Valery Gergiyev, author Daniil Granin, actor Kilill Lavrov, Historian Mikhail Piotrovsky, etc.

©

&to=http://www.ford.com/' target=_blank>FORD

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA
Comments
Russia not pulling out from any international agreements, Putin says
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea is not a threat to the US
Should Russian athletes go to non-Olympic Games in South Korea?
Russia on the eve of another Crimea referendum
Russia to install laser navigation system on the Moon
Russia to install laser navigation system on the Moon
Putin to Sobchak: We will never let them turn Russia into another Ukraine
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Russia not pulling out from any international agreements, Putin says
Donbass without militia will be worse than Srebrenica - Putin
Donbass without militia will be worse than Srebrenica - Putin
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed