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Good promise story

Why did the construction of the fertilizer plant under Nakhodka move?

Good promise story

In September, 2018 of the year, at the next Eastern Economic Forum, CJSC "Nakhodka Plant of Mineral Fertilizers" (NZMU, part of the NHC Arkady Rotenberg) and "Corporation for the Development of the Far East" (KRDV) signed an agreement on the implementation of the project for the construction of a plant in the Neftekhimicheskaya Tor. The investor promised to invest over 278 billion rubles, starting construction in the first months of 2019, and launch the methanol production unit in 2021, the first ammonia production unit - in 2022. The capacity of each line of production is 1,8 million tons of products per year. The raw material for the chemical plant will be natural gas supplied to Primorye from Sakhalin.

However, at a recent meeting in the Primorsky Territory Administration, the Technical Director of NZMU Taras Ganaga said: the methanol production unit is planned to be launched already in 2022, the ammonia installation - in 2024. In addition, judging by the documents of the Ministry of East Development, the amount of investment required rose to 292,5 billion rubles. Of the remaining project parameters, the key is the ratio of own and credit sources of financing (20% to 80%). According to the authorities, the investor confirms the promise to create 1,5 thousand new jobs and pay all budgets of all levels for the first 10 years 4,7 billion rubles, and starting from 11, when the profit and property taxes are no longer valid, 14,05 billion rub. Taras Ganaga also promised that the company will place orders for 25 billion rubles on the regional market.

The reason for the postponement of the start and completion of construction in the company is not called. However, it is obvious that the site required for the project has not yet been included in the “Petrochemical” Tor. Only the Russian government can expand the boundaries of the PDA by making appropriate changes in Resolution on the creation of the territory of advanced development No. 272, adopted back in March 7 2017. Now TOR covers 39 thousand hectares of land near the seaside city of Nakhodka.

Coordinate the expansion project with all relevant departments for submission to the Prime Minister Dmitry Medvedev for the signature must be the Ministry of Eastern Development. According to the portal, the draft government decree was posted by the Ministry for public comment at the end of 2018. There were no proposals for it before 13 in January, which means that the expertise can be considered completed.  

“In general, the project was launched in September 2012 of the year. Since then, various options have been considered on the location of the plant, its structure. Two weeks ago, contracts for the design, construction and assembly of production were finally signed. The plant will be commissioned in 2022 year. February 21 documents were filed with the Russian government on the expansion of the Neftekhimicheskaya TSOR and on the inclusion of NZMU. We were promised to resolve this issue within two weeks. So now we are talking about a few days, ”Taras Ganaga said at a meeting in Vladivostok.

To date, the government decree on the expansion of the borders of the Neftekhimicheskaya Astronomy Territory has not been published. To create a TOR for the project NZMU officials promised during 2017-2018. At the end of 2017, the representatives of NZMU came for assistance on the inclusion of sites for their project in the PDA to the then acting Governor of Primorye, Andrey Tarasenko. “Andrei Tarasenko addressed the relevant instruction to the relevant departments of the regional administration, the issue is already being worked out”, - reported in the press service of the regional administration. In March, 2018, that a positive decision on the request of NZMU will be made, TASS declared Deputy Prime Minister Yuri Trutnev. “I recently met with Nikolai Sabitov, the head of the company, which plans to build a mineral fertilizer plant in Nakhodka. In the near future, all the necessary issues for the implementation of this project will be resolved. We will definitely create TOR there. The volume of investments in the project will be about $ 2 billion, ”said the Deputy Prime Minister.

Rosneft remains its “anchor” resident of the Neftekhimicheskaya TOR, with its Eastern Petrochemical Complex (VNHK) project, which also has a very long history. The oilmen have been promising to build a plant near Nakhodka in cooperation with Chinese partners for several years. Obligations to invest 796 billion rubles. in the refinery at 12,5 million tons of oil and chemical production at 3,4 million tons of raw materials Rosneft gave on WEF-2017. In presentation materials of the Ministry of the Eastprepared after the forum, it was indicated that the timeline for the implementation of the project VNHK - 2016-2024 years, the number of jobs created - 4,4 thousand ”, Which will develop the deposit of building stone“ Progress ”. In 2018, Rosneft reported that, perhaps, the time frame for entering the project was shifted by 2026-2029 years, with the first petrochemical production being launched, not the refinery.

Stories with VNHK and NZMU are far from the only “Far Eastern” investment projects that are behind the schedule, or even completely collapse. EastRussia has already told about some of them. In them, for example, five star hotel in Petropavlovsk-Kamchatsky (investments - more than 2 billion rubles), Gambling zone "Primorye", which was planned to open another 2011 year and the total investment in which are estimated at 123 billion rubles, the construction ferries for the crossing Vanino - Kholmsk and many others.

In each case, the companies explain the "slip" in their own way. So, Andrei Sazonov, the general director of Gaming Group Primorye, a resident of the Primorye gaming zone, speaks of “advances in infrastructure”. On the failures in interaction with contractors refer to the Amur Shipyard, which deals with ferries for the crossing Vanino - Kholmsk. Zoya Yadreeva, director general of Vozrozhdenie, which launches a modern brick factory in Yakutia, claims that bureaucratic delays hinder everything.

“Most large or relatively large investment projects directly or indirectly depend on the external economic climate,” says Evgeny Mamaev, economist and general director of MediaProf. - Some of the investors put projects on pause, expecting certainty with the consequences of the sanctions. It is important for them to determine the sources of financing that are guaranteed to be allowed, and partners, contractors who will definitely not fall under the restrictions and will not jeopardize the entire project and the money invested. The risks are great, and at the moment there is no final understanding of what is happening: just the other day, new information came from the United States about the continuation of the sanctions pressure. I would like to wait for stability, and then start implementing projects. And other investors depend in one way or another on these first ones. Someone refers to the "hitch" with the infrastructure, but many investment projects in the Far East are infrastructural, and they are just as influenced by the general economic situation as any others. So the reasons are complex, and problems with one project entail failures in others. " 
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