Mosgo & Partners advised SARIA, a major service provider in the sphere of re-cycling of bio-organics, livestock and by-products from the meat and fish industries, in a multi-million agreement with the Government of the Moscow Region. According to the Agreement on realization of a major investment project, SARIA is to develop a new factory in Lukhovitsky municipal district of the Moscow region. The amount of investments into the project is to exceed RUB 2.3 billion (more than EUR 36.5 million). More than 100 of new workplaces to be created. Expected taxes to be paid by the investor within the first years of the investment project is more than RUB 250 million (approx EUR 4 million). The respective Agreement has been approved by the Resolution of the Government of the Moscow Region.
Agreements on realization of major investment projects allow the investors enjoy the allowances provided by the Land Code of the Russian Federation, namely, lease municipal land without an auction (subitem 3 item 2 art. 39.6 of the Land Code of the RF).