VTB Bank provided greenhouse facility Sun Valley, a member of Belaya Dacha Group, with 900 mln RUB of financing for 7 years period within the programme of preferential agricultural loans of the Russian Federation Ministry of Agriculture.
Loan will be allocated to the second phase construction of vegetables and lettuce cultures greenhouse complex on the area of 7.2 ha in Predgorny district of the Stavropol Region. Projects implementation term is one year. Total cost is 1.4 bln RUB.
Anton Semenov, General Director of Belaya Dacha Trading, remarked: “With the second phase of the complex implementation in 2019 total area of greenhouses in the Stavropol Region will reach 15 ha. We are planning to produce 350 tons of lettuce and 3.9 tons of tomatoes per year. That will allow to decrease corresponding imported products volume in the Russian market. Our partner’s VTB Bank financing will be allocated to complete these tasks”.
VTB has been cooperation with Belaya Dacha for six years. The bank provided 925 mln Rub to construct a greenhouse complex based on resources-saving technologies of greenhouse vegetables in closed ground production in 2015. The financing took place within the investment projects support programme of the Russian Federation Government. The facility was put into operation in the second quarter of 2017.