RF Ministry of Industry and Trade says financing of ship utilization grants to exceed RUB 10 bln in 2017-2030
Financing of ship utilization grants is supposed to exceed RUB 10 bln in 2017-2030, IAA PortNews journalist cites Denis Manturov, RF Minister of Industry and Trade, as telling journalists in Saint-Petersburg. According to him, mechanism of ship utilization grants is included into the state programme of the Russian Federation “Development of shipbuilding and equipment for offshore fields” from 2017.
Ship utilization grant is a lump-sum compensation provided for a company utilizing its old fleet. The grants can be used exclusively for construction of new vessels at domestic shipyards. It can be provided to a shipping company scrapping ships whose age exceeds 30 years and owned by the company for at least 3 years. The compensation is supposed to be provided upon construction and delivery of a new vessel.
SUG calculations will be based on deadweight, cargo and passenger capacity as well as the power of ships. A grant is to make at least 10% of the construction costs.
Related link:
RUB 400 mln allocated for 2018 to finance the programme of ship utilization grants>>>>
