VTB provides 1 billion RUR for construction of fruit storage facility in Dagestan

VTB has issued a RUB 1.1 billion loan to Polosa (part of Rychal-Su) LLC for the construction of a fruit storage facility. The funds are granted for seven years under the preferential program of the Russian Agriculture Ministry.

The company will use the funds to implement the first stage of the investment project for the construction of a new fruit storage facility with controlled atmosphere gas system for long-term storage of apples in Suleiman-Stalski municipal district of Dagestan. The capacity of the facility, which is planned to be launched in the second half of 2024, will make 11.5 thousand tons of products.

The implementation of the project is designed until 2030. The fruit storage will allow to load up to 50 thousand tons, the area of the object will reach 50 thousand square meters. The investments amount to approx. 5.2 billion rubles. When the enterprise reaches its full capacity, it will employ 3 thousand local residents.

"Due to the lack of our own fruit storage facility, we have problems with selling the harvest. The new site with modern equipment will allow us to store apples without loss of marketable appearance and consumer properties for 8 - 10 months, which means that we will be able to supply fruit with excellent taste and organoleptic properties to buyers all the year round", - Omar Abdulmutalibov, the Director General of the "Polosa" LLC says.