Rosselkhozbank to loan $26.5m to Green Agro | Volga, Farming, agriculture

Far East | Farming, agriculture | Finance, business

Rosselkhozbank to loan $26.5m to Green Agro

17 Jun '10
Primorsky region-based agricultural firm Green Agro is to take out a $26.5m loan with state-run Rosselkhozbank, the bank reports.

The funds are reportedly to be loaned for ten years, the interest rate has yet to be disclosed.

Under plans, the funds are to be invested into construction of a milk farm for 1,800 cows in the village of Alekseyevka, Khankaysky district, Primorsky region.

The farm is scheduled to be put into commission in 2014.