This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

The Governor of the Chukotka Autonomous Okrug Roman Kopin proposed to make two major investment projects in the development strategy of the Far East.

Several special institutes are currently working on the development strategy for the Far East, Presidential Envoy to the Far Eastern Federal District Yury Trutnev said this week at a meeting of the Council of Far Eastern Governors in Blagoveshchensk.

According to Yuri Trutnev, the main emphasis in creating an economic map of the future in the federal district is made on the indicator of the effectiveness of investment projects.

- The most important criterion underlying - the number of off-budget investments per one ruble of budgetary investments, - stressed the plenipotentiary.

Governor Roman Kopin proposed two such projects, which, in his opinion, are the drivers of development not only for Chukotka, but also for the entire DFO. We are talking about the development of the Beringovsky coal basin and the Baim ore zone.

- Coal project is characterized by a high degree of readiness. Its implementation includes three stages, and the first is scheduled for 2016 year, during which several hundred thousand tons of coking and thermal coal are planned to be exported to the navigation window through the Beringovsky seaport. It is assumed that by 2028, the total export volume may be from 10 to 12 mln. Tons per year. The second project is more ambitious, it is focused on the production of copper concentrate, gold and rare earth metals, - said Roman Kopin.

He noted that to implement the two announced projects it is expected to attract over 200 billion rubles. Investments, of which the share of private investments will be more than 140 billion rubles. Growth of the gross regional product to 2030 year will increase by 30%, own tax base - more than 2,5 times. In addition, it is expected to create about 11 thousand jobs, taking into account those employed in construction.

“Moreover, the work will be carried out on a rotational basis, with the involvement of specialists from neighboring regions,” noted Roman Kopin and cited as an example a similar experience of cooperation with the Magadan region, whose specialists work at the Kupol gold deposit. 

January 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics