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Three Penza investment projects selected by Industry Ministry for state subsidies

17:36 | 09.12.2014 | Economy

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Penza, 9 December 2014. PenzaNews. Three projects prepared in the Penza region have been included in the list of new complex investment projects in priority areas of civilian industry, compiled by the Ministry of Industry of Russia on the results of competitive selection.

According to information published on the official website of the department, two projects related to the timber industry — high-tech woodworking industry for the production of complete sets of wooden houses and wooden construction materials for housing construction in LLC “Evlashevsky DOK” and the development of wallpaper production by LLC “Mayakprint.”

Furthermore, in the industrial biotechnology field they selected the project by JSC “Biosintez” for insulin production.

Only 30 projects have been chosen out of total 46. The total cost of these projects is estimated at over 34 billion rubles, with over 20 million required for credit bulk.

It is expected that the companies with winning projects will receive 90% of the refinancing rate of the Central Bank of Russia in subsidies for the loans received.

Another competitive selection is scheduled for the second quarter of 2015.

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