Agricultural Park in Chuvashia, Russia
On May 5, 2016 local time, Wang Dongming, Communist Party Secretary of Sichuan and head of the CPC delegation to Russia, met with Prime Minister of the Chuvash Republic, Russia in Moscow. Wang and Prime Minister of Chuvashia attended the signing ceremony for cooperation in Chuvashia-Sichuan Agricultural Cooperation Park construction between SRIG and Chuvashia Development Group Public Shareholding Company
Located near Cheboksary, the capital of Chuvashia, the project makes the best of fertile land resources, and dairy and beef cattle are raised on diets composed of pasture and other supplements. The project covers a total area of 18,000 hectares, including 15,000 hectares of pastures where 7,000 cows are raised for both meat and milk production and 8,000 fattened beef cows are grazed, 2,650 hectares of land used for grass planting and silage storage for winter, 150 hectares for vegetable planting and 200 hectares for processing, shipment and storage of dairy products, meat products and vegetables. According to the feasibility study report, investment in the project will total approx. RMB 1.05 billion, and the project will be implemented in two phases: approx. RMB 570 million will be pumped into the first phase, and the first phase will cover an area of more than 5,500 hectares, including a 3,800-hectare land in Mariinskiy Posad for breeding 4,000 milk cows, a 1,600-hectare land in Kozlovka for breeding 2,000 beef cows and a 150-hectare land for vegetable planting and remaining area for storage, processing and logistics facilities building like a slaughterhouse where 50,000 cows will be slaughtered a year, a dairy product processing plant processing 100 tons of fresh milk a day, a vegetable processing plant processing 22,000 tons of vegetables a year, a temperature-regulated warehouse with storage capacity of 5,000 tons. The second phase of the project will be an addition to ensure the quantity of beef and milk cows raised in the project meet the planned quantity stated in the FSR.
A project company with registered capital of RUB 300 million was established for the project, and Chinese and Russian sides have a shareholding 67% and 33% in the company respectively. Chinese contributor can be a joint venture funded by SRIG in partnership with co-design firms and agriculture business, and project representative from Russia is Chuvashia Development Group Public Shareholding Company, a business creating favorable conditions for investors in and outside Russia to invest in Chuvashia and driving the implementation of investment projects.