Tiraspol, January 30. /Novosti Pridnestrovya/. Construction organizations are invited to be included in the program of soft loans by subsidizing interest rates. The corresponding amendments to the relevant law at a government meeting were voiced by Deputy Minister of Economic Development Maria Glushkova. Recall: the program has been operating since 2018 and applies to industrial enterprises and priority agricultural sectors. These are loans issued by banks through the State Reserve Fund. The bottom line is that the state compensates part of the interest rate to banks and as a result, the borrower pays the minimum interest.
The amendments developed by the Ministry of Economic Development offer to give the opportunity to receive such loans to construction (including construction and installation) organizations. Requests for this came both from the enterprises of the industry themselves, and from the Union of Industrialists, Agrarians and Entrepreneurs of Pridnestrovie (UIAEP).
“At the moment, our entire republic is actually one large construction site. Large infrastructure projects are being implemented within the framework of the Capital Investment Fund, and for the high-quality execution of work, it is also necessary to update the fixed assets of our enterprises. Inclusion in this program will give them the opportunity to contact banks, provide a reasoned application. After its consideration at the advice of the State Reserve Fund and approval, they will be able to get these loans at a low interest rate. At the moment, the interest rate paid by borrowers on the latest loans issued was in the range of 3-4%,” Maria Glushkova explained.
Applications were received from 3-5 construction organizations that submitted business plans. These are those who have already formed their investment programs and who need additional funds to execute them. The point is to update fixed assets - equipment in the form of lifting mechanisms, special machines, etc. This will allow to complete the tasks faster and better.
Meanwhile, as the Ministry of Economic Development emphasized, in case of adoption of those amendments, all construction organizations of the republic would be able to take advantage of soft loans (with convincing financial justification).
The government supported the initiative, now it will be considered in the Supreme Council.
