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A. Galushka: "The Ministry has prepared a Federal Targeted Program for the Development of the Far East. 30 April it is directed to the consideration of the Government "

The draft federal target program for the development of the Far East provides for allocating 133 billion rubles to priority investment projects from the federal budget, as well as attracting 2,2 trillion rubles from private investors. This was announced by the Minister for the Development of the Far East, Alexander Galushka, yesterday at a meeting of the Presidential Commission on Monitoring the Achievement of Target Indicators of Russia's Socio-Economic Development, the press service of the Ministry for Economic Development said.

"The Ministry has prepared a federal target program for the development of the Far East; on April 30, it was sent to the Government of the Russian Federation for consideration in this amount of 133 billion rubles and with specific measures to launch these priority projects. For 133 billion rubles of budget investments, we receive 2,2 trillion rubles of extra-budgetary investments." , - said A. Galushka.

According to him, the Ministry for the Development of the Russian Far East has already considered more than 400 investment projects in the Far East. "The 23 most effective projects have been selected, of which 16 are both the most effective and the most ready for implementation, behind which a specific investor stands," the Minister said.

He also said that proposals are being prepared for the introduction of a preferential mortgage mechanism in the Far East. "The main issue is to find money to subsidize mortgages for the Far East," A. Galushka said.

According to him, it is envisaged that the volume of subsidies for mortgages to young families in the Far East will increase from 433 million rubles in 2013 to almost 600 million rubles in 2014 year.

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