In accordance with the RF Government decree of 11 October 2014 N° 1044 (hereinafter – the decree) approved the Program of support of investment projects implemented on the territory of the Russian Federation on the basis of project financing (hereinafter – the Program). In the framework of the new mechanism, the company can obtain loans in banks that choose the Government. The state will act as the guarantor on loans. The interest rate for a person who is granted a loan for the purpose of implementation of investment project selected to participate in this Program shall not exceed the interest rate set by the Central Bank of the Russian Federation, when providing the authorised banks credit funds for refinancing of loans granted by authorized banks to the final borrowers, plus 2.5 percent per annum. Warranty is offered on the loan, the principal involved in currency of the Russian Federation for a period of from 3 to 20 years for implementation of investment projects, ensuring the fulfillment of obligations of the principal to repay the amount of the loan (repayment of principal) as specified by the loan contract period in the amount of up to 25 percent of the specified obligations of the principal.
For participation in this Program provides a selection of the Russian credit organizations and international financial institutions that provide credit funds for financing investment projects selected for participation in the Program.
The resolution also established criteria for selection of investment projects:
Additional requirements for investment projects (including indicators of their effectiveness and others) can be installed by authorized banks in accordance with their internal documents.
The Ministry of economic development established an interdepartmental Commission for interaction between Federal Executive authorities and interested organizations in selecting investment projects, Russian credit organizations and international financial organizations for participation in the Program.
The Commission included representatives of the Ministry of economic development, Ministry of Finance, Ministry of industry and trade, the Ministry of agriculture, Ministry of energy, Ministry of transport and the Russian Government Apparatus.
Currently on the territory of Astrakhan region participate in the program accept the following banks selected by the interdepartmental Commission of JSC "Sberbank of Russia", OAO "Rosselkhozbank",
PJSC "Promsvyazbank", OJSC "Gazprombank", OJSC "Bank of Moscow",
OJSC "Bank VTB".
With the purpose of selection of the investment project to participate in the Program, the investor should contact the authorised Bank and to submit documents on the investment project according to the list established by the Bank subject to the requirements of the Program.