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The term for the selection of investment projects in the Arctic for state support was extended in Russia
The selection of investment projects for implementation in the Arctic, which are counting on state support, announced by the Ministry of East Development, has been extended for a month - until July 1. Selected companies will receive assistance in creating energy, road or other external infrastructure.
According to the press service of the Ministry of Eastern Development, the selection period was extended at the request of entrepreneurs. Difficulties with the preparation of the package of necessary documents appeared due to restrictive measures introduced due to the spread of coronavirus.
Selection started in April. Entrepreneurs whose investment projects will be selected will be able to qualify for a subsidy - up to 20% of the declared private investment for the creation of infrastructure. The main selection criteria will be the focus on the socio-economic development of the Arctic and the creation of jobs, the total investment in the project, which should be at least 300 million rubles, as well as the need for the creation or modernization of external infrastructure.