3.5 billion to be invested in greenhouses

“Monino” greenhouse complex intends to build a greenhouse complex with independent power generating unit, powered by municipal solid waste. The complex will be located in the Leningrad region, whose Government plans to sign an agreement with “Monino” for the construction of a complex for vegetable cultivation and fish farming. That was stated by the Deputy Chairman of the Government for Economics and Investment Dmitriy Yalov. According to him, expected payback period is 6 years and total output volume will exceed 2.7 billion roubles a year. Total project cost is estimated at 3.5 billion roubles. It is envisaged that credit funding will constitute 70%, underscored Denis Agafonov, General Director of “Monino”.
Source: Vedomosti