Investor from Beloretsk will receive 112 million rubles of preferential loan

UFA, 26 December 2017. /Bashinform News Agency, Olga Murtazina/. The Monocities Development Fund will provide a preferential loan to the Beloretsk Springs Plant for the construction of a new line for the spring production. The borrowed funds were provided in the amount of 112 million rubles at 5% per annum. Also, the investor preliminarily approved a soft loan from the Industrial Development Fund for the amount of about 74 million rubles.

The investment project is aimed at expanding the range of products and increasing the output to 1,300 tons per month.

The total cost of the project is 319.4 million rubles; the number of planned new jobs is 29.

"It should be marked that this is the first joint investment transaction between the two development institutes - the Monocities Development Fund and the Industrial Development Fund," the Ministry of Economic Development and Trade RB noted.