BMC investment project can receive 540 million rubles of soft loan

UFA, 2 November 2018. /Bashinform News Agency, Azat Gizatullin/ translated by Tatiana Aksyutina/. The Bashkortostan Industry Development Fund can support a new investment project of the Beloretsk Metallurgical Combine (BMC) in the field of further processing of ferrous metals. Investments are planned in the amount of more than 1.1 billion rubles. As one of the support mechanisms, the company considers obtaining a soft loan in the amount of 540 million rubles, the press service of the Ministry of Economic Development RB informs.

The Industry Development Fund RB provides the loan financing jointly with the Russian Fund for Technological Development on the basis of an agreement between the funds at a rate of 3-5% in the ratio of 30% (regional funds) to 70% (federal funds).

The works are underway at BMC on the implementation of the priority investment project of the plant for the production of multi-strand ropes. Capital investments on it amount to more than 510 million rubles, 68 jobs are created. In accordance with the investment agreement, the enterprise will be granted tax preferences.