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Three priority tasks for the development of the Far East - Putin

During his trip to Yakutia, Vladimir Putin held a meeting on state support of priority investment projects and priority development areas in the Far East.

The president noted that the positive development trend of the region and the growth of industrial production by 9,2% over the past year have remained, the Kremlin’s press service reported.

Vladimir Putin elaborated on three priority issues. Firstly, to increase the transport accessibility of the region, to remove infrastructural constraints both in the domestic market and for the development of exports, the need to modernize BAM and Transsib in accordance with the schedule.

The second task is to create conditions for attracting additional investments to the region - both domestic and foreign. As part of addressing this issue, the President called for more active use of the best practices of the APR countries - to reduce the amount and time of administrative procedures in the construction of production facilities to the maximum, to simplify access to infrastructure: electricity, gas supply, roads, and build other communications.

The third priority is the formation of territories of priority development, which, according to the terms of investment and business, should become competitive with respect to key business centers of the Asia-Pacific region, ensure an inflow of new investment in production, focused on the rapidly growing development of Asian markets.

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