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Amur region intends to refinance debts in Gazprombank - EastRussia | Far East

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Priamurie intends to refinance debts in Gazprombank

Amur Region is negotiating to refinance previously attracted bank loans in Gazprombank. The region expects to repay its obligations to the GPB by providing Gazprom with tax preferences for the Amur GEA project

This was announced by the governor of the region Alexander Kozlov at a press conference on Friday.

According to him, the state debt of the Amur region today is about 30,5 billion rubles. This includes 14 billion rubles - the cost of support measures for Amur enterprises; 3,5 billion rubles - the cost of eliminating the effects of flooding; 8 billion rubles - co-financing of federal targeted programs.

"Today we are working to re-credit these loan obligations for budget loans at an interest rate of 0,1%. In this order, we with the Ministry of Finance of Russia worked out 30% of the state debt of the region. This will save this year 1 billion rubles, "- said the head of the region.
According to him, the leadership of the region came up with a proposal to Gazprom to re-register its loan obligations with Gazprombank, Interfax reports.

"We calculated how much we could free Gazprom from taxes in the future, and made an offer - to take our credit obligations for 10 years using Gazprombank. In 10 years we, in turn, will give Gazprom preferences for taxes in the framework of the Amur Gas Processing Plant construction project. Today this issue is under consideration by Finance Minister Anton Siluanov, "the head of the region noted.

The deputy government of the region, Andrei Donets, in turn, said at a press conference that the Amur Region currently occupies 22-e place among the subjects of the Russian Federation on tax potential.

“Therefore, there is no reason to talk about the bankruptcy status of the region. We have signed an agreement with the Ministry of Finance of the Russian Federation, and before 2019, our national debt - we made such commitments - should not exceed 22 billion rubles. In the future, the tax potential formed by the projects of Transneft, Gazprom, Roscosmos, implemented in the region, will further reduce the tax burden, ”A.Donets told reporters.

Earlier it was reported that in July 2015, the authorities of the Amur Region and the Ministry of Finance of Russia concluded an agreement on the transfer of payments of the region on the state debt by three years. Amur has a policy of replacing commercial debt with budget loans, the cost of which is much less - 0,1% per annum.

The Amursky GPP, the preparatory works for the construction of which began in the Amur region, will become the largest in Russia and one of the largest natural gas processing enterprises in the world, its design capacity is up to 49 billion cubic meters per year. The cost of construction is 790,6 billion rubles. The plant will use the technology of the German company Linde (its Russian partner in the project is NIPI NG "Peeton"). Completion of work is planned for 2025 year.

At the GPP, the "Siberia Power" gas pipeline will receive a multicomponent gas from the Yakutsk and Irkutsk gas production centers set up by Gazprom as part of the implementation of the Eastern Gas Program. Ethane, allocated at the Amur Gas Processing Plant, is planned to be delivered to the Amur MCC, the construction of which is being considered by SIBUR.