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Vladimir Pecheny: “TORA will attract investment”

The creation of advanced development areas (TOR) in the Far East will give development to not only individual regions, but will also accelerate the process of creating new points of economic growth for the entire north-east of Russia, will help attract large-scale investments, said Vladimir Pecheny, Governor of the Magadan Region.

“This meets the state's interests in expanding cooperation with the Asia-Pacific countries,” he stressed. According to him, “on the territory of the Magadan Region, work is currently underway to create a priority development area“ Agro-industrial park “Magadansky”, which will give resident enterprises the opportunity to receive tax benefits and other preferences, provide guaranteed order opportunities, and reduce administrative barriers to entry to Agroprompark and will simplify the procedure for obtaining a land plot for a resident of the park. "

"The implementation of this project will stimulate the development of production, processing and sale of agricultural products, food raw materials and foodstuffs in the Magadan region, which will increase its investment attractiveness and ensure food security for the region's population," Pecheni said.

V.Pecheny expressed confidence that "the implementation of the law on TORs should be the driver of industrial development of the Far Eastern region, as this law will allow developing the regional economy through attracting investment, developing competition, attracting workers, that is, will enable the development of its own production and infrastructure." 

More details about the territories of advanced development: sites of TORs, investment projects, opinions - on the special page

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