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The mechanism for the selection of investment projects in the Arctic approved in the Cabinet

The mechanism for the selection of investment projects in the Arctic approved in the Cabinet
Photo: pixabay.com

Prime Minister Mikhail Mishustin signed a decree approving the selection of investment projects for the Arctic zone. He also approved state support measures to create the necessary infrastructure for them.

Entrepreneurs whose investment projects have passed the selection established by the rules will be able to qualify for a subsidy - up to 20% of the declared private investment to create infrastructure for the project. According to the press service of the Ministry for the Development of the Russian Far East, the department is planning to announce the start of selection of projects in the Arctic in the near future to provide support.

The main selection criteria will be the focus on the socio-economic development of the Arctic and job creation. They will also take into account the total investment in the project, which should be at least 300 million rubles, and the need for the creation or modernization of external infrastructure. The experience of implementing investment projects, the registration of a company in the Arctic zone, the absence of debts, the state of bankruptcy or reorganization will be mandatory.

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