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Lenders syndicate started financing of Nakhodka Mineral Fertilizer Plant

January 29, 2020

VEB.RF, VTB Bank (PJSC) and Far East and Arctic Development Fund (VEB.RF) started financing of the investment project for the construction of the Nakhodka Mineral Fertilizer Plant.

The project is financed by the VEB.RF - VTB Bank (PJSC) syndicate on the principles of a “project financing factory”. In addition, Far East and Arctic Development Fund allocated 7 billion rubles for the construction of the enterprise.

Reference

Nakhodka Mineral Fertilizer Plant (NFP) is a large-scale investment project for the construction of methanol and ammonia 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.

Link to the press release (https: //вэб.рф/press-tsentr/42458/, https://www.vtb.ru/o-banke/press-centr/novosti-i-press-relizy/2020/01/ 2020-01-29-sindikat-kreditorov-otkryl-finansirovanie-stroitelstvu-zavoda-po-pererabotke-prirodnogo-g/)