Russia allocates 9.4 bln rubles to build eight eco-industrial parks - Russian Ecological Operator

MOSCOW. Nov 2 (Interfax) - The Russian government has allocated 9.4 billion rubles for the construction of eight eco-industrial parks in the country's regions by 2024, the CEO of Russian Ecological Operator (REO), Denis Butsayev said on Wednesday, citing a resolution signed by Prime Minister Mikhail Mishustin.

"The government has allocated 9.4 billion rubles for the development of the infrastructure of eight eco-industrial parks. Eco-industrial parks will make it possible to create 11,346 new jobs by 2030," Butsayev was quoted as saying by REO's press service.

"The subsidy will be provided in the form of an asset contribution to REO, which will invest the amount in the charter capital of Ecological Digital Operator LLC, the developer. This will be capital investments in the construction of infrastructure, including power supply, roads, wastewater disposal, gas supply, as well as a research and development center," Butsayev said.

The relevant resolution was passed by the Russian government on October 31, the company said.

Agreements to build facilities to recycle waste and manufacture products from recycled materials have already been signed with more than 25 future residents of the parks, Butsayev said.

The eight parks will be built in Krasnodar and Stavropol territories, Primorye, and Leningrad, Moscow, Nizhny Novgorod, Novosibirsk and Chelyabinsk regions. They are scheduled to start operations by the end of 2024. Design and survey work is scheduled to be completed, with state expert review reports received, by March 1, 2023, the company said.

REO said these parks will make it possible to put up to 1.1 million tonnes of recycled resources back into the economy. The enterprises are being created under the federal Closed Cycle Economy project to achieve sorting of all waste and cut the amount of waste taken to landfills by 50% by 2030.

Residents of the parks might also get state support. "The possibility of compensating or cofinancing up to 95% of expenditures on the construction of residents' facilities is being considered through financing with proceeds from REO bonds. The amount of support for such enterprises could total more than 17 billion rubles," the company said.