The list of measures to support the MONOGOROD.RF fund has been expanded

The single-industry town development fund will finance concession projects, issue loans to leasing companies, as well as co-finance the construction and reconstruction of social infrastructure facilities in single-industry towns. Corresponding changes were made to Government Decision No. 1186 “On provision of subsidies from the federal budget to the non-profit organization “Single-industry Town Development Fund”. The document was signed by Prime Minister Mikhail Mishustin.

There are currently 7 single-industry towns in the republic, with more than a million inhabitants and a quarter of the economically active population. Let us recall that with the assistance of the Fund, a number of large-scale infrastructure projects are implemented in the single-industry towns of Tatarstan totaling more than 3.5 billion rubles. So in 2018, work was completed to create the engineering and road infrastructure of the “Zelenodolsk” industrial site and the “Nizhnekamsk” industrial park. In 2019, off-site networks were created for Haier factories in Naberezhnye Chelny. In December 2019, reconstruction of the highway on Chistopolskaya street in Nizhnekamsk was completed. In 2020, it is planned to build networks for the wholesale distribution center “Elabuga” of the X5 Retail Group company, which will allow to implement an investment project for construction of the wholesale distribution center X5 RETAIL GROUP in the city of Elabuga with a total amount of attracted investments of about 1.0 billion rubles and creation of 269 new jobs.

In turn, in accordance with the adopted document, the Single-Industry Towns Development Fund will be able to issue loans to leasing companies from 5 to 250 million rubles for up to 15 years at 0% per annum, which will allow updating the transport system and housing and communal services infrastructure in single-industry towns. The approved amendments also introduce the possibility of the Fund issuing loans for concession, PPP and MPP projects - from 25 million to 1 billion rubles at a rate of 0 to 5% per annum. Another innovation will be the support by the Fund of investment projects of individual entrepreneurs.

In addition, the MONOGOROD.RF fund will begin co-financing the construction and reconstruction of social infrastructure facilities. The Fund’s finances will amount to 50% of the cost of infrastructure facilities in single-industry towns with up to 50 thousand people. Such a support measure will become part of implementation of the “Place of Attraction” project of the Fund.

 “Concessions, leasing, financing of social infrastructure - this is what single-industry towns really looked forward to. It is not enough to create only jobs, it is important to meet the needs of residents, together solve the problems that are relevant for single-industry towns - and this is clean water, uninterrupted operation of heat and electricity networks, modern public transport. The new tools of the Fund will help in solving these problems”, said the General Director of MONOGOROD.RF, Deputy Chairman of VEB.RF Irina Makiyeva.

Special support measures also appeared for single-industry towns in which a federal emergency situation was introduced. In particular, the Fund will be able to issue loans for working capital. Also in such single-industry towns the restriction on the Fund financing projects related to wholesale and retail trade has been lifted. Such a support tool was developed after the flood in Tulun of the Irkutsk region in the summer of 2019.

Note that the previous financial and non-financial support measures of MONOGOROD.RF continue to work in full.