In the modernization of production, the organization of new technological processes and the expansion of the model range AVTOVAZ and IzhAvto will be about 50 billion rubles for three years. About this at the St. Petersburg international economic forum said the head of the company Igor Komarov. From AVTOVAZ already have an open line of credit Sberbank and VTB. Mosquitoes added that in three years AVTOVAZ will start these loans to repay. The official also said that total production volume - Lada, Nissan and Renault in Russia will amount to about 1.5 million units by 2017. In addition, Volzhsky automobile plant plans to complete the acquisition of the Izhevsk automobile plant in the autumn of this year. "To autumn, we must form a business plan and already be clear that we invest and what we start to produce," said Komarov. According to RIA "Novosti"