The KPI holding provided the state support receipt by Kanash monotown (Chuvash Republic) from the Fund of monotowns development in the amount of 739 million rubles.
The supervisory board of the Monotowns Development Fund (MDF) under the chairmanship of the First Deputy Chief of the Apparat of Government of the Russian Federation Maxim Akimov approved the request of the Chuvash Republic for receipt of 739 million rubles for the purpose of engineering and transport infrastructure creation, including the industrial park in Kanash city with total area of 37 hectares, for placement of new productions on the territory of Kanash monotown. Chuvash Republic co-finances the city infrastructure creation in the amount of 240 million rubles at the expense of the consolidated republican budget. The number of investment projects declared is 15, the total amount of investments - 8,5 billion rubles.
The KPI holding provided documents preparation for application in MDF and involvement of the monotown "anchor" investor - in 2020 it is planned to start the complex on deep wheat conversion into glucosic and fructose syrup, dry wheaten gluten, monohydrate of glucose, hydrol (molasses), feed additives. Project implementation will allow to build the vertically integrated agroholding on the basis of the operating farms of KPI Agro in Chuvash Republic and Nizhny Novgorod Region. Project implementation management will be exercised by KPI Holding.
The total volume of investments into the production project on wheat conversion will make more than 6,7 billion rubles. Detailed project information is available in the presentation
"Within the project implementation deep conversion of 100 000 tons of wheat a year will be provided. This project is systemically significant for all agro-industrial complex of the Republic. Adoption of the investment decision became possible at the expense of the favorable conditions for investing created in the region and coordinated work of the investor, the Government of Chuvashia, Fund of monotowns development and the Government of the Russian Federation" — Roman Karaulov reported, the Chairman of the board of directors of KPI Holding.
The notification on towns supported by MDF at the regular meeting of the Supervisory board is posted on the website: http://www.frmrus.ru/?p=2865#more-2865