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Economy/Business
7 December 2018, 13:37

Large-scale agricultural project was considered at Investment Hour session

UFA, 7 December 2018. /Bashinform News Agency/ translated by Tatiana Aksyutina/. In Ufa, five planned investment projects were considered at the “Investment Hour” held by the Acting Head of the republic Radiy Khabirov, including large-scale plans of the “Urozhai” group of companies from the Aurgazy district. The company intends to enlarge dairy production and increase the area under grain for its own fodder. As the director of the company Radik Rafikov said, the livestock of the dairy herd was planned to be increased to 6530 heads (now 2400), young stock up to 2980 heads (now 1000), the sown area - up to 100 thousand hectares (now 65 thousand hectares). 117 jobs will be created at the farm. Milk production will make 59 thousand tons per year, sales of young stock 2700. The expected revenue is 1.78 billion rubles, tax - 896 million rubles until 2033. Commissioning is planned in 2021-2022.
The volume of investment in the project is 4 billion rubles. The “Urozhai” company invests in the project 494 million rubles of own funds, 398 million rubles are directed by the "Regional Fund RB" investment company, and the principal amount of more than 3 billion are borrowed funds.
In addition to the participation of the state-owned company, the company requests state support in the form of reimbursement of a part of the capital expenditures for construction - up to 35% of the cost of works (703 million rubles); reimbursement of the machinery and equipment purchase costs - up to 40% of the price (178 billion); reimbursement of a part of the utilities construction costs - water, gas, electricity (129 million); reimbursement of purchasing breeding livestock costs - up to 100 rubles per 1 kg of live weight (352 million); construction of a road from the Orenburg highway to the village of Bolotino, where a new farm and feedlot will be located (the cost has not yet been defined).
When discussing the project the Interim Deputy Prime Minister Ilshat Tazhitdinov noted the extensive experience of the head of the company in implementing similar projects. Much of the burden of costs recovery falls on the federal budget, he noted. The Ministry of Finance marked the low budget efficiency of the project (less than 900 million rubles in taxes for 11–12 years against 1.5 billion rubles of investments). The head of the Aurgazy district administration pointed out some other difficulties in implementing the project.
The head of the republic requested a detailed report on the activities of the “Urozhay” company; further consideration of the project is scheduled for March.
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