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The Ministry of East Development will offer special conditions for social projects in the Arctic
The Ministry of Eastern Development is preparing next proposals in a package of draft laws on incentives for investors in the Arctic. Now, legislators have decided to support enterprises that operate in the form of public-private partnerships (PPPs). Such initiatives are needed in order to attract private capital to the region’s social projects, to save taxpayers' funds in the implementation of social projects, and to improve the quality of life in the region.
As the TASS, lawmakers are not yet ready to say exactly how the new concessions will be framed. It is possible that a new section for the HRP will be developed, not within the framework of the current package of laws on the Arctic.
Earlier, State Duma deputies accepted for Arctic investors mineral extraction tax relief. Also, in the first reading, a package of bills of the Ministry of Eastern Development was adopted, which are aimed at attracting investors to the Arctic. Them approved the and Russian President Vladimir Putin.