Working on projects
The Agency monitors the implementation of each investment project in Tatarstan. Today, at a meeting with the TIDA Project Office and the head of the Agency, Taliya Minullina, investors spoke about the readiness of their projects.
Some projects required additional development due to objective economic conditions. The increase in the cost of building materials required additional costs from investors. The high key rate led to an increase in the cost of loans. Developers faced the cancellation of the subsidized interest rate on mortgage programs and are now trying to adapt through installment programs and additional marketing tools.
Projects in agriculture were delayed due to the postponement of equipment purchases by leasing companies due to the introduced sanctions.
But with the assistance of the Government of Tatarstan and the efforts of the Agency, emerging problems are promptly resolved, investors are provided with the necessary support, each case is considered individually. Particular attention is paid to issues of technical connection and ensuring transport accessibility of facilities. Thanks to this, investment projects are implemented in the form in which they were declared for passing the Investment Council.
Investors themselves recommend setting aside a time reserve of approximately six months at the stage of concluding an investment agreement with TIDA, as well as carefully developing the business plan of the project, since during implementation, questions may arise related to the presence of protected areas, historical territories, and technical features in the connection of utility networks often arise.