In 2010, donations were used to build a school in Olshanskoe, the town where our YUGcement cement plant is located. The building, heavily damaged and in disuse for years, was turned into an elementary and junior high school.
Buzzi Unicem has been financing this project since 2007, based on a social partnership agreement with local authorities, specifically with the provincial administration (Raion) and with the regional administration (Oblast).
Between July and October of 2010, an additional contribution by YUGcement was negotiated with the Governor of the Nikolaev region, in order to finish at least the jobs needed to complete the school so that it can be used by the local community. The new agreement was signed in October of 2010 and, within its scope, the regional administration of Nikolaev expressed a favorable opinion concerning the 19-hectare extension of the rental contract stipulated by the provincial administration and YUGcement for our limestone quarry, and also gave a green light for an additional 39-hectare expansion of the same quarry.
The school is almost complete now, and its inauguration is scheduled for the summer, or in any event certainly in time for the next school year.