Moscow will issue a preferential investment loan to a producer of meat products

"A preferential investment loan in the amount of more than 3 billion rubles was approved for the Elitgroup Invest company. The rate under the program of the Moscow Industry and Entrepreneurship Support Fund is 3% per annum. Today, the company continues to build the second stage of a plant for the manufacture of products from processed MEAT, the implementation of the project will create 300 new jobs," the Vice Mayor said.

Vladimir Yefimov added that the city provides financial assistance to the capital's factories to expand and modernize the sites. The funds received under the program of preferential investment lending can be used to purchase new equipment, create and reconstruct industrial infrastructure.

As specified in the capital's department of investment and industrial policy, the land for the plant was leased by the city to the investor without bidding. At the new site, the company plans to produce meat and meat and vegetable canned beef, pork, chicken and turkey.