Agriko state enterprise will build a meat processing plant in the Mineralovodsky district of the Stavropol region, Russia.
The project is estimated at 3,5 billion rubles ($62 million).
Construction activities are scheduled to start in early 2017.
Earlier, Chairman of the Board of Directors of the Russian Agricultural Bank (Rosselkhozbank), Dmitry Patrushev, confirmed to reporters that the bank was going to open a credit line for Agriko state enterprise for the purpose of plant construction. The facility is planned to be set up on the premises of Stavropolye agricultural and industrial park.
“I have already mentioned a number of companies, with which we are cooperating. These are Eko Kultura, several projects have already been realized jointly with them,” Mr. Patrushev added.
