Avtovaz’s development programme

In December 2012, VEB’s Supervisory Board resolved to extend a RUB60bn credit facility to AvtoVAZ to finance its development programme. RUB25bn was drawn down to upgrade AvtoVAZ’s production site in Izhevsk and to design and manufacture a new car model, LADA Vesta. Owing of this support, LADA Izhevsk has become of one the leading Russian production sites. The production site comprises stamping, plastic moulding, welding, painting and assembly shops.

LADA Izhevsk manufactures one of the most popular cars in Russia: LADA Vesta. The plant produces 500 LADA Vesta cars per day. As of today, AvtoVAZ has produced more than 300,000 LADA Vestas.

LADA Vesta is a new-generation model: it follows LADA’s new signature X-DNA design. LADA Vesta is spacious, comfortable, joyful to steer, and packed with features. The quality of this car is praised by consumers and automotive experts alike. LADA Vesta won the Car of the Year in Russia award four times, the Grand Prix of Za Rulyom magazine, and TOP 5 Auto award.

Avtovaz’s development programme
Other projects
Ust-luga’s gas chemicals facility
Ust-luga’s gas chemicals facility
Project cost
is limited to RUB 111bn
VEB participation
Natural gas processing plant in Nakhodka
Natural gas processing plant in Nakhodka
Project cost
VEB participation
Shchekinoazot’s methanol production site phase three
Shchekinoazot’s methanol production site phase three
RUB 22bn
Project cost
RUB 4.5bn
VEB participation

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