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Ministry of Development: Projects in the Far East will attract more than 2 trillion rubles of investment

The implementation of priority investment projects in the Far East only at the first stage will allow attracting more than 2 trillion rubles of off-budget investments. With this forecast, the Minister for Development of the Far East Alexander Galushka spoke at the XVIII International Economic Forum, which took place on May 22-24 in St. Petersburg. According to the press service of the ministry, he took part in the briefing "Stimulating the economic development of the Russian Far East."

“These projects are mainly resource-based, but in the future they will be associated with deep processing, oil and gas chemistry. The Ministry for the Development of the Russian Far East studied them to the smallest detail. More than 400 projects have been analyzed. As a result, the most effective and ready for implementation were selected - these are 23 projects, and 16 of them are actually ready for implementation, ”said the head of the Ministry for the Development of the Russian Far East.

He explained that a new federal target program for the development of the Far East is actually being "built" around priority projects. “Support for investment projects is the core of the FTP prepared by us. According to calculations, more than 2,2 billion rubles of public investment will be required to attract 130 trillion in private investments - this is a ratio of 1 to 16. A very good multiplier, ”said Alexander Galushka.

The Minister said that on May 21, the Ministry for the Development of the Russian Far East sent to the Government of the Russian Federation a draft law regulating the creation of the Territories of Advanced Development (TOP) in the Far Eastern Federal District, where other conditions of state regulation will be established and the best world business practices will be applied. This should help to attract foreign direct investment and "new" Russian investment in non-resource sectors of the economy. “Today we are seeing a deficit of economic freedom. And what we want to do in the Far East is just to change the situation. The region needs more economic freedom. And we are able to produce such a development, ”he assured the participants of the economic forum.

According to the minister, in order to ensure the accelerated development of the Far East, it is very important to eliminate the specific underfunding of the FEFD regions within the framework of state and federal targeted programs. "The Ministry for the Development of the Russian Far East considers it important to eliminate the imbalance in the distribution of budgetary funds, to provide real priority funding for the Far East at least up to the average level for Russia," said the head of the Ministry for the Development of the Russian Far East.

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