Bashkortostan will become a pilot region where industrial mortgage mechanisms will be tested. Its launch in Russia was announced by President Vladimir Putin during the St. Petersburg International Economic Forum, held from June 15 to 17. It is assumed that enterprises will be provided with preferential loans at a rate of up to 5% per annum for the construction or purchase of real estate directly from an industrial developer.
– We worked on this initiative together with colleagues from other regions and the Association of Industrial Parks. The authorities of Bashkortostan decided that the testing will take place on the territory of the Ufa Industrial Park and the Alga special economic zone, the management company of which is the Development Corporation. If residents need to build some buildings, and there are not enough own funds for these purposes, then the industrial mortgage mechanism is an excellent option for expanding production,” said Nail Gabbasov, Director General of the Development Corporation of the Republic of Bashkortostan. – Now we see that business is ready to invest in the development of industry, but without available loans, it is not always worth counting on large investments.
In early June, Russian Prime Minister Mikhail Mishustin instructed the Ministry of Industry and Trade, the Ministry of Finance and the Ministry of Economic Development to work out the issue of launching industrial mortgages in the country with the participation of the heads of several regions.