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The Penza region ranked second in the Volga Federal District in terms of investment growth
The Penza region ranked second in the Volga Federal District in terms of investment growth
Economy 09.06.2018

In the first quarter of 2018, 9.925 billion roubles were allocated to develop the economy in the Penza region. That is 120.5% of funds channelled over the same period last year.

Increased investment responds to the implementation of major investment projects and intense activity of business sponsors in the region. This was made possible by the state policy in the area of investment.

The largest projects in progress include:

– Pachelmskoye khozyaystvo LLC (Pachelma Farm LLC) is running a project on constructing a silo grain storage with a capacity of 100 thousand tonnes (investment in the project amounts to 1.8 billion roubles);

– Cherkizovo-Svinovodstvo LLC (Cherkizovo-Pig Breeding LLC) is implementing a project on creating fattening facilities in Penzensky sub-district (investment totals 1.1 billion roubles.);

– Vostok-Agro LLC is carrying out a project on establishing a dairy farm and grain elevator complex and creating a land portfolio (the volume of investments is 4.4 billion roubles);

– PenzaMolInvest LLC is setting up a project on expanding the complex for industrial turkey breeding to 100 thousand tonnes of finished products per year. The sites for poultry breeding and fattening are under construction in Nizhnelomovsky and Mokshansky sub-districts of the Penza region (project investment accounts for 7.1 billion roubles).

These projects are implemented with state support.

The top three of the Volga Federal District in terms of investment growth includes: the Orenburg region (+ 39.4%), the Penza region (+ 20.5%) and the Saratov region (+ 10.2%).