OREANDA-NEWS. February 18, 2011. The Russian Bank for Development and Bank of Kazan proceeded with financing a project “Modernization and Development of the Up-to-date Hi-tech Mineral Water Canning”, reported the press-centre of RBD.

Bank of Kazan has concluded an agreement with Perspectiva Ltd (Kazan) on funding the modernization of the enterprise. The credit resources are allocated under the Financing for Innovations and Modernization program.

At present Perspectiva Ltd produces four sorts of mineral drinking water. After purchasing new facilities for softening and ozonation of the water, a compressor station as well as glass blowing and labeling machines the enterprise will set up a large-scale production of mineral and pure drinking water. According to evaluations this project’s implementation will double the output.

The RBD’s Financing for Innovations and Modernization program is designed to provide affordable and long-term resources to SMEs implementing innovative and modernization projects in different industries.