Greenhouse worth $140m to be erected in Komi Republic

Greenhouse worth $140m to be erected in Komi Republic
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Investor intends to put up 1,5 bln roubles in construction of the largest greenhouse complex in Yemva, a town located in the Komi Republic, which is a part of the Northwestern Federal District of Russia.

A total amount of investment into the project is 9,130 bln roubles ($140m), Yury Kleschenko, the investor, told reporters on Wednesday. The enterprise is planned to be completed in December 2019, and the facility will be capable to produce 22,000 tons of product per year.

A certificate of title and a cadastral certificate for a land plot with an area of 67,03 hectares have already been issued. The business plan has been drawn up and the required topographical survey has been conducted.

In the near future, the regional government of the Komi Republic and the Monotowns Development Fund are to sign an agreement on subsidizing a part of expenditure on the facility’s construction. This will be followed by tenders for infrastructure building in the area.