Today, during the V Eastern Economic Forum, an agreement was signed with AO Far East Development Corporation on the implementation of the Nakhodka Mineral Fertilizer Plant project within the framework of the Advanced Social Economic Zone (TOR).
As a TOR resident, NFP will be subject to the preferential tax regime: no income tax for the first five years, a reduced property tax rate and reduced insurance contributions during the first 10 years of operation.
The implementation of the project under this special regime will improve the financial model of the project and make it even more attractive for the investment.
Nakhodka Mineral Fertilizer Plant (NFP) is a large-scale investment project for the construction of methanol and urea production capacities in the Russian Far East.
The construction is carried out under the “turnkey” EPC contract with the leading international contractor for the construction of gas chemical plants - China Chengda Engineering Co., Ltd.
The construction of the plant will ensure the creation of more than 1,500 highly qualified jobs in the Nakhodka city district, and after tax holidays and launch of the Phase 2, up to 14.5 billion tax revenues to budgets of all levels annually.