Compensation for infrastructure costs for new investment projects (Stage 1 - for projects not included in the consolidated list of priority investment projects approved by the Ministry of Economic Development of the Russian Federation)
Description
The mechanism for restructuring budget loans allows for the financing of infrastructure for a new investment project using funds from the regional budget. A constituent entity of the Russian Federation can reduce its state debt by the amount of taxes paid to the federal budget from the implementation of a new investment project.
Support Measures
Allocation of regional budget funds in any form provided for by budget legislation for:
- engineering surveying, designing, expert appraisal of project documentation and (or) results of engineering surveying;
- construction, reconstruction and commissioning of infrastructure facilities;
-
connection (technological connection) of capital construction facilities to engineering and technical support networks (except for subsidies to state (municipal) institutions).
Project requirements
- Creation of new permanent facilities or reconstruction of existing facilities that are put into operation after January 1, 2021;
- Investment of more than 50 million rubles;
Sectors
- agriculture;
-
extraction of mineral resources (excluding the extraction and/or primary processing of oil, extraction of natural gas and/or gas condensate, and the provision of services for transportation of oil and/or oil products, gas, and/or gas condensate);
- tourism;
- logistics;
- manufacturing industries, excluding the production of excise goods (except for the production of 5th class automotive gasoline, 5th class diesel fuel, motor oils for diesel and/or carburetor (injection) engines, aviation kerosene, and petrochemical products that are excise goods);
-
sectors related to promising economic specializations of the constituent entities of the Russian Federation, as outlined in Appendix No. 1 to the Spatial Development Strategy of the Russian Federation for the period until 2025, approved by the Order of the Government of the Russian Federation dated February 13, 2019 N 207-р;
- housing construction;
- housing and communal services;
- construction or reconstruction of highways (road sections and (or) highway structures), implemented by the constituent entities of the Russian Federation within concession agreements;
- road facilities within the framework of public private partnership;
- public transport;
- construction of airport infrastructure;
- electricity, gas, steam supply.
Procedure
Stage I
Sending an application
The investor applying for reimbursement of infrastructure costs for new investment projects selects the corresponding service in the «Investor's Personal Account», fills out the «Project Passport» form, and uploads the required files.
Document examination
The Ministry of Economic Development of Chuvashia within 10 working days considers the application for compliance with the requirements for the application, in case there are limits on budget obligations brought by the Ministry of Economic Development of Chuvashia to provide a subsidy for reimbursement of infrastructure costs under the NIP.
Taking a decision
The Ministry of Economic Development of Chuvashia sends a package of documents from the applicant for the National Investment Project (NIP) to the Ministry of Economic Development of Russia in accordance with the schedule established by the Ministry of Economic Development of Russia.
The Ministry of Economic Development of Russia, together with the Ministry of Finance of Russia, makes an assessment of the compliance of investment projects with the selection criteria and sends them for approval to the Headquarters of the Government Commission.
The Headquarters approves the NIP Consolidated List.
The Ministry of Economic Development of Russia prepares the order on the approval of the NIP Consolidated List.
Stage II
Sending an application
The investor applying for a subsidy to reimburse infrastructure costs for new investment projects selects the corresponding service in the «Investor's Personal Account», fills out the «Project Passport» form, and uploads the required files.
Document examination
The Ministry of Economic Development of Chuvashia reviews the application for compliance with the requirements within 5 working days, sends it to the executive authorities of the Chuvash Republic for the preparation of a conclusion from the sectoral authority regarding the feasibility of infrastructure cost reimbursement for new investment projects, or rejects the application and informs the investor of the decision made.
The executive authority of the Chuvash Republic should prepare the conclusion within 15 working days.
If the conclusions of the executive authorities of the Chuvash Republic contain justified findings of non-compliance of the documents or are improperly executed in violation of the requirements established by the legislation of the Russian Federation and the legislation of the Chuvash Republic, the Ministry shall make a decision within 3 working days on returning the documents to the investor for revision and shall notify the investor in writing about this decision.
The Ministry of Economic Development of Chuvashia, within 5 working days from the date of receipt of the conclusion of the executive authorities of the Chuvash Republic sends for consideration by the Investment Policy Council a comprehensive conclusion on the feasibility of providing a subsidy for reimbursement of infrastructure costs under the NIP.
Taking a decision
Within 5 working days from the date of receipt of the final conclusion the Council reviews the received documents and decides on the approval of the new investment project and on the recommendation to the Cabinet of Ministers of the Chuvash Republic to provide a legal entity with a subsidy for the implementation of the new investment project or on the refusal of the legal entity to provide a subsidy for the implementation of the new investment project.
Signing of an agreement
Within 4 working days from the date of receipt of budgetary appropriations for the provision of subsidies, the Ministry of Economic Development of Chuvashia sends to the legal entity two copies of the draft agreement drawn up and signed by the Ministry of Economic Development of Chuvashia.
The legal entity shall sign two copies of the draft agreement within 5 working days from the date of receipt and submit them to the Ministry.
Subsidy
The Ministry of Economic Development of Chuvashia, no later than 10 working days from the date of signing the agreement, transfers the subsidy to the applicant's settlement account, opened at the institution of the Central Bank of the Russian Federation or a credit institution.
Contacts
Investment Activity Department of the Ministry of Economic Development of Chuvashia
ANO "Investment Development Agency of the Chuvash Republic"