Заметки финансиста

Creation of innovative construction technology park Kazbek (iCTP "Kazbek") in the territory of the Chechen Republic.

Region: Gudermes city (Chiri-Yurt village), Chechen Republic
Industry: Production of construction materials
Service: Business planning, financing organization
Result: The project successfully passed several stages of approval in the GC "Vnesheconombank": Development Committee of Investment Operations (DCIO), Credit Committee, Supervisory Board of Vneshekonombank. Currently a loan agreement is signedand and a credit line is about to be launched.
Project name: Creation of innovative construction technology park Kazbek (iCTP "Kazbek") in the territory of the Chechen Republic.

The main purpose of the investment project was the creation in the Shali district of the Chechen Republic of the complex for production of construction materials to build residential and public buildings on innovative technologies for the Russian market using WEHRHAHN (Germany) company equipment.

The project is aimed at the development of the construction industry and promotion of development of low-rise housing in the Chechen Republic.

It is expected that the following types of construction materials will be produced: aerated concrete blocks and slabs, building lime, dry mixes, fiber cement board. The design capacity of the plant is:

  • Aerated concrete blocks or slabs - 294 thousand cubic meters per year;
  • Fiber cement slabs - 2.8 million sq.m. per year;
  • Dry mixes - 74 thousand tons per year;
  • Lime - 32 thousand tons per year.

Due to the fact that at the moment the Russian Government is actively working on the development of industrial production in the North Caucasus, the source of financing for the project was the GC "Vnesheconombank".

Experts of “Solev” IC have prepared a business plan for the project in accordance with all requirements of Vneshekonombank and organized the loan funding of the project. Also the developed financing scheme helped to attract some funds from abroad at a relatively low rate.

In late 2011, the project received a positive conclusion of the credit committee of the «Vneshekonombank», and in April 2012 - the approval of the Supervisory Board of Vneshekonombank chaired by V.V. Putin, in December 2012 a loan agreement for the Project was signed.