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The Ministry of Eastern Development told the State Duma about the amount of funding and the progress of work on the state programs of the Far East

On June 9, Deputy Minister for the Development of the Far East Kirill Stepanov spoke at a meeting of the State Duma Committee on Regional Policy and Problems of the North and the Far East about the progress of work on the state program "Social and Economic Development of the Far East and the Baikal Region."

The Ministry of Eastern Development considers the program with a volume of 213 billion rubles as the main instrument of the program-targeted development planning of the Far East. An integral part of the state program is the federal target program (FTP) “Economic and social development of the Far East and the Baikal region”, for which more than 76 billion rubles will be allocated.

As part of the Federal Target Program, construction and reconstruction of 40 air transportation facilities, 17 port infrastructure facilities, 12 road facilities, 1 power engineering facilities, as well as modernization of BAM and Transib are supposed.

Stepanov also said that the ministry is considering TOR as the “core of creating investment infrastructure in the Far East, the key to creating conditions for the launch of hundreds of new investment projects based on special regulatory regimes of economic activity and preferential taxation”.

The Ministry for the Development of the Russian Far East intends to allocate 69 billion rubles for the formation of the TOP network and the creation of export-oriented production facilities on them, about 221 billion rubles for investment projects, and a little more than 142 billion rubles for the development of human capital and labor resources.

“We are working on focusing other state programs on the development of the Far East. According to the results of our analysis, “Far Eastern” sections may appear in 26 state programs related to education, health, agriculture, culture, tourism, etc. Thus, 309 billion rubles can be redirected to the Far East, ”the deputy minister said.

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