The Yugra Development Fund will compensate part of the interest rate on loans and borrowings paid by MTA Company JSC in February-September 2022.
The corresponding agreement was signed by the head of the Fund, Sergei Afanasyev, and the general director of the company, Alexander Makarov.
“The Fund compensates the systemically important enterprise, based on the interest actually paid on loans and borrowings, up to a level of no less than 10% per annum. The total amount of compensation will be 8.7 million rubles. In turn, the company, which employs about 600 people, undertakes to preserve jobs,” explained Sergei Afanasyev.
The MTA company, which is one of the largest companies in Russian hydromechanization, is included in the rating of 150 leading construction organizations in the country. The company carries out the full range of hydro-mechanized works, starting from quarry surveys, design and approval, hydro-mechanized works and ending with quarry reclamation.
Let us remind you that from June 1, 2022 until the end of this year The Ugra Development Fund accepts applications for financial support for systemically important enterprises of Ugra. The maximum amount of compensation for one applicant is 50 million rubles.
The Ugra Development Fund is state regional industrial development fund. As part of state support programs for industrial enterprises, the Fund provides preferential loans for the development of industrial and tourism infrastructure in the amount of 5 to 500 million rubles at 1-3% per annum for a period of 1 to 10 years, depending on the financing program. In 2022, the Fund launched three new programs for financing industrial entities - to replenish working capital, create production facilities for participants in the Labor Productivity national project, and grants to compensate for part of the costs of interest on loans accrued for the period from April 20 to December 31, 2022.
