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The Ministry of Industry and Trade offers subsidies for the purchase of excavators

The Ministry of Industry and Trade offers subsidies for the purchase of excavators
Photo: pixabay.com

The draft law on the introduction of subsidies for the renewal of the mining excavator fleet was developed by the Ministry of Industry and Trade. For these purposes, it is proposed to allocate 1,3 billion rubles. 

According to NEDRADV, the amount of subsidies will be 20%. The program for the renewal of quarry equipment is designed until 2024. The renewal of equipment is necessary due to the high wear and tear. About 68% of the excavators in use today are over 23 years old, with a typical life of 21 years.

The Ministry of Industry and Trade proposes to subsidize up to 20% of the cost of new Russian-made mining excavators. In 2021, 300 million rubles will be spent for these purposes, and from 2022 to 2024 - one billion rubles. The size of the subsidy will be determined depending on the volume of the bucket of the new excavator: the larger it is, the greater the subsidy, but not less than 10 cubic meters.

Moreover, the technique itself must meet a number of requirements. The excavator must be used for work in open pit mining. Old equipment must be disposed of no sooner than 12 months after receiving the subsidy.

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