NEWS

The Ministry of Industry and Trade of Tatarstan informs everyone interested about the new preferential loans programme being implemented by the Industrial Development Fund under the title of “Priority Projects”.

Loans are provided for the creation of equipment for the production of liquefied natural gas (both medium and large-scale ones) and offshore projects.

The IDF also funds the production of high-duty turbines, drilling rigs (load capacity from 320 tonnes), rotary controlled systems and hydraulic fracturing equipment.

Borrowed co-financing is provided for projects implemented in priority areas of the Russia’s manufacturing industry and aimed at import substitution, as well as at the localisation and creation of mass production of highly competitive, hi-tech critical industrial products competitive in foreign markets.

Applicant requirements: the total project budget should be at least RUB 625 million; project co-funding commitments from the applicant, private investors, or from banks in the amount of at least 20% of the total project budget.

Support terms: the federal fund provides loans in the amounts from RUB 500 million to 2,000 million; loan term is no more than 7 years; rate is 1% per annum with a bank guarantee and 5% per annum for other types of collaterals.