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TOP should convert huge markets near the Far East of the Russian Federation to the rise of the region - Galushka

On September 19, Alexander Galushka, Minister of the Russian Federation for the Development of the Far East, took part in the panel discussion “Economic Master Plan for the Development of the Far East. Infrastructure and Investment Projects ”, held within the XIII International Investment Forum Sochi-2014, the press service of the Ministry for the Development of the Russian Far East.

Vadim Shvetsov, SOLLERS General Director, Alexey Teksler, Deputy Minister of Energy of the Russian Federation, Andrey Murov, Chairman of the Management Board of JSC FGC UES, DFO governors also took part in the discussion. The head of the department in his speech highlighted a number of key areas of development of the Far East.

According to the Minister, "next to the Far East are huge, huge markets, which develop in the most dynamic way." In order to convert this advantage into the region's rise, a project of territories for advanced development is launched, designed to "give the investor competitive conditions for investing, doing business in comparison with the same facilities in the APR countries."

The second area is the implementation of investment projects. 18 of them have already been selected and are capable of giving the Far East 2,5 trillion in private investment and creating 40 new jobs. The third direction is the prioritization of state programs for the development interests of the Far East. The head of the Ministry for the Development of the Russian Far East noted that "it is very important that the priority of the development of the Far East is in every state program." The region is currently chronically underfunded.

The Minister also noted the need to improve the quality of work of regional management teams, citing as an example the activities of the authorities of the subjects in the aftermath of the flood. During the discussion, energy issues were raised. Chairman of the Management Board of FGC UES Andrei Murov said that the program of the Ministry of Energy is expected to be approved in the autumn, according to which FGC UES invests 75 billion rubles in the development of the energy infrastructure in the Far East. The allocated funds will be spent on “the long-awaited connection of the isolated central Yakutia with the Far East”, the creation of the energy infrastructure in the Kostino port and the financing of BAM and Transsib and other facilities in the Far East.

The Governor of the Magadan Region, Vladimir Pecheny, took part in the discussion. He noted that in the Magadan region there are a number of priority investment projects, including the high-voltage Ust-Omchug-Omchak line.

Head of the Ministry of Eastern and Eastern Development Alexander Galushka supported Vladimir Pecheny and said that the Ust-Omchug-Omchak line was “one of the first objects along with other objects that we include as number one in the Federal Target Program for the Development of the Far East” and which will resolve the issue of financing and design. "

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