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TORA should become the mechanism that will allow to achieve in the region fundamentally different economic dynamics - Medvedev

Russian Prime Minister Dmitry Medvedev hopes that the creation of advanced socio-economic development areas in the Far East will accelerate the launch of large investment projects.

"We expect that the use of the mechanism of such territories will allow launching large investment projects as soon as possible, remove infrastructure restrictions and make it as easy as possible to create new industries and jobs," he said at a meeting of the Cabinet of Ministers, where today bills on the creation of ASEZ are being considered. The Far East.

The prime minister recalled that this region will become a pilot when creating advanced development territories, in case of success this practice will be extended to other regions of the Russian Federation.

"Territories of advanced development should become the mechanism that will make it possible to achieve a fundamentally different economic dynamics in the region, to improve the living and working conditions for everyone who will work in these territories," Medvedev stressed.

The documents that the government is considering today form the basic principles for creating and managing priority development areas, and also identify sources of funding. In particular, in such territories there is a special legal regime, as well as a special regime of state and municipal control, the prime minister said.

So, he noted, in order to improve the investment climate, create competitive conditions for entrepreneurial activity, tax, customs and administrative benefits are established here. "In particular, facilitated licensing and registration procedures are being introduced, especially with regard to connecting to infrastructure facilities, allocating land plots, rent, insurance payments, attracting foreign specialists," Medvedev said.

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