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Japanese company Iida will launch a new project of low-rise construction in Primorye

On October 6, First Vice Governor of the Primorsky Territory Vasily Usoltsev met with Isi Kumagai, Director of the International Business Development Department of the Iida Holding's New Business Development Division, the press service of the regional administration reported.

The parties discussed the intention of the Japanese side to develop a number of projects in the field of forestry in the territory of Primorye. It is about creating an enterprise for deep processing of forests in the north of the region and the development of low-rise housing construction in Primorye. The Japanese delegation has already visited the village of Svetlaya in the Terney area.

As Mr. Kumagai informed, the Japanese holding builds about 40 thousand houses per year. The Japanese side already has a long-standing partnership with the seaside company Terneyles. Now Iida intends to implement a new project in Primorye in partnership with the company Primorsklesprom.

"The project is aimed not only at the development of the timber processing industry, but also in the development of low-rise construction in Primorye. Now a special group of design engineers is working in our development department, developing a housing project suitable for construction in the Russian environment, "Mr. Kumagai said.

He added that the full program of development of housing construction provides for the population of Primorye also mortgage loans with small interest rates.

In September of this year, Iida already registered a representative office in Primorye.

Vasily Usoltsev noted that the Iida holding project in Primorye coincides with Russia's policy of implementing relations with foreign investors and creating export-oriented industries in the Far East.

"The Governor of Primorye, Vladimir Miklushevsky, supports investors and is ready to help solve emerging issues. With his personal involvement, an investment council operates, to which investors and representatives of various regulatory bodies are invited. The administration is ready to provide all-round support to your project, "the first vice-governor emphasized.

Isi Kumagai also said that the company plans to build a biomass power plant to supply not only the future enterprise, but also the village of Svetlaya itself.

Vasily Usoltsev noted that the Primorye Administration is currently working on the development of the infrastructure of the northern territories of the region.

“We are ready to discuss joint projects on the development of the energy of the northern villages,” the first vice-governor added.

Note, the mass construction of low-rise housing is expected in Primorye in connection with the implementation of the regional law on the free provision of land to families with two children and young families. This law was adopted on the initiative of the Governor of the Primorsky Territory, Vladimir Miklushevsky.

Also in the province, the Presidential Decree on granting land to large families for individual construction is being implemented. To date, land plots provided 75 percent of large families of the region, included in the register until 1 January 2014 year.

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