The Industrial Development Fund (FRP) has supported the establishment of a new transmission plant in Rostov-on-Don by Rostselmash. This new plant will manufacture automatic and mechanical transmissions, bridges, and reducers for tractors, combines, and road construction equipment. The plant's capacity will allow for the production of components sufficient for the assembly of approximately 3700 tractors of all series annually. The total investment in the organization of production exceeded 10 billion rubles, with 5 billion rubles provided as a concessional loan by the federal Industrial Development Fund for the purchase of high-tech equipment. The funds were directed to the enterprise 'New Dynamics', created by 'Rostselmash' for the implementation of this project.
Instrument
Loan & Loan Guarantees
Purpose
Investment promotion
Industrial research
Sectoral development
Agency
Industrial Development Fund (Federal State Autonomous Institution 'Russian Fund for Technological Development')