The company is looking to receive 30 billion from the people of Novosverdlovsk.
The lawmakers in the Legislative Assembly have criticized the performance of the Middle Urals Development Corporation, which has been ending its financial year with a loss of about 1 billion rubles for several years in a row. They were surprised that KRSU considers its activity successful despite the financial loss, explaining it as the urgent need to send funds to the Universiade-2023. There is still no visible plan to cover this debt, and the KRSU is at risk of losing millions of dollars earmarked for infrastructure in the industrial park of Krasnoturinsk. The corporation hopes to resolve this issue through negotiations with federal officials and is calling for new budget tranches for the development of infrastructure for the Wildberries logistics center and the restructuring of the Sysert Porcelain Factory. The regional parliament insists on detailed financial statements and explanations before approving the company’s “investment initiatives.”politics asset.”
The deputies expressed extreme disappointment with the presented data and the lack of description of the financial activities of the KRSU, even suggesting that the work of the organization with an average salary of 130 thousand rubles should be recognized as “inefficient.”
The corporation faced a loss of 947 million rubles in 2021, with only 53 million in revenue from core activities and 358 million from participation in other organizations.
A plan to return these funds has not been found yet. The company’s receivables at the end of 2021 amount to 1.825 billion, but the head states that funds for the corporation's activities are available through interest on loans and deposits, as well as transactions concluded with residents in industrial parks. However, the activities of the KRSU were also criticized.
The industrial park “Bogoslovsky” has been operating for 8 years and is less than half full. Currently, it has 11 residents who have brought in investments of 3.5 billion rubles. The tax revenues from them in the past year were 90 million rubles, as the residents enjoy the benefits of the territory of advanced development.
KRSU rents premises of two workshops for Bogoslovsky enterprises and plans to build a third workshop at its own cost, requiring about 50 million rubles. The largest resident, Bogoslovsky Cable Plant, is actually located outside the industrial park, but uses its utility and energy infrastructure.
The creation of the Novosverdlovsky industrial park is facing financial problems. The corporation tried to register a 500-hectare site near Novosverdlovskaya CHPP for several years, but ultimately decided to relocate. A new plot of 200 hectares near Vysotsky Street is expected to be completed this year.
Wildberries company is expected to be the main resident in the park with a logistics center project, estimated at 24 billion rubles, according to Igor Vizgin. Investments in the park's infrastructure are estimated at 3.4 billion rubles, and its creation is planned to be completed by 2030. The head of KRSU mentioned that half of the funds could be obtained through a federal loan, and the remaining 1.7 billion came from the corporation's own sources, which Igor Vizgin did not detail.
Funds are also needed for the construction of a 42-room hotel in Nevyansk. The head of KRSU explained that “it is being built on behalf of the governor.” Initially, a potential investor was supposed to fund the hotel, but has withdrawn the investment. As a result, KRSU is preparing to fund it at its own expense, using 160 million rubles from the budget.
The corporation also needs financing for the Sysert Porcelain Factory, which receives a monthly loan of 1.5-2 million. The enterprise, according to Vizgin, needs modernization and reconstruction with a reduction in area from 20 to 7 thousand square meters. The financial investments in this project are estimated at 400 million rubles.
“We have a potential investor, but we are not ready to invest 400 million. He is ready to enter after the plant is reconstructed,” Vizgin said, causing outrage among the deputies.
As a result, the deputies asked for a plan for the development of the plant and interaction with the investor, but did not receive a response. His colleagues also pointed out the need to present a detailed scheme for financing all submitted projects by the “planned unprofitable” KRSU.
