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The Supervisory Board of EDF approved loans amounting to 1.9 billion rubles, and summarized the results of 2015

Post Time:Jan 15,2016Classify:Industry NewsView:277

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The Supervisory Board of the Development Fund for Industry (EDF) has approved loans totaling more than 1.9 billion rubles. for the implementation of the four major import substitution projects, and summarized the work of the Fund in 2015.

At the first meeting this year, the Supervisory Board approved the decision to co-finance four projects worth 8.5 billion rubles. Their implementation will make it possible to start production of new building materials to Russia, to conduct import substitution of more than three dozen drugs and organize the production of components for the construction of energy infrastructure facilities, the Minister of Industry and Trade Denis Manturov, who is chairman of the Supervisory Board of EDF.

 

Total in 2015 approved loans totaling 24.6 billion rubles. for the implementation of 74 projects. During the project implementation it is planned to create 10.5 thousand. High-performance workplaces.

 

"The volume of direct investments, which have already invested and will be involved in the real economy through loans FER exceeds 153 billion rubles. That is the work of the Fund only in the first year will attract 6 times more private investment than the sum of loans (24.6 billion rubles.), "- Said Denis Manturov. Funds will be allocated to enterprises at a reduced rate of 5% per year after the signing of loan agreements securing the obligations of the parties.

 

Previously, these projects were considered by the Expert Council Fund - a collegial body composed of representatives of business and banks, which on the basis of comprehensive analysis of funding decisions, revision or rejection of the project. The Supervisory Council - the supreme governing body of the Fund of industrial development, which makes strategic decisions, supervises the activities of the organization and takes the final decision on granting loans in excess of 368 million rubles.

 

China Glass Network

Source: Author: shangyi

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