Russian aggregate investment planned
First publishedon www.AggBusiness.com
Russia’s Ministry of Regional Development has announced plans to increase its support of the construction materials industry threefold over current levels with €42billion promised over the next 10 years. Under the plan, 60% of the money would be made up of grants and the remainder as loans to companies operating in the sector and authorities are also to decrease taxation for companies engaged in exploration of deposits of materials used in construction.
The strategy includes upgrading of old facilities and launch of new ones with the development of subsidised loans to companies for the construction of new facilities. By 2020 the ministry has forecast cement output should grow by 36.1million tonnes, prefabricated concrete structures by 2.5million m3, non-ore materials by 625.3million m3, glass by 324.6million m3 if supply is to meet demand.