Financing of MDF
- co-financing of the costs of the subject of the Russian Federation in order to implement measures for the construction and (or) reconstruction of infrastructure necessary for the implementation of new investment projects in the monocity;
- facilitation of the implementation of new investment projects in the monocity.
In terms of infrastructure activities, the Fund will co-finance regional budget expenses in the amount of up to 95% of the total cost for each item. At the same time, the first payment should be no more than 30% of the total amount of co-financing by the Fund.
The financing of new investment projects by the Fund shall take the form of participation in the share capital or in the form of a loan in the amount of not more than 40% of the total project cost; while the money volume of the Fund is more than 1.667 million euro, but not more than 16.667 million euros; the annual interest rate is 5%; the deadline for funding is 8 years.
Provision on the assistance in the preparation and (or) the participation of Non-Profit Organization “Monocity Development Fund” in the implementation of investment projects in single-industry municipalities of the Russian Federation (monocities) (approved by the minutes of the meeting of the supervisory board of Non-Profit Organization “Monocity Development Fund” of 05.08.2016, minutes No.27)