OREANDA-NEWS. March 31, 2015. The implementation of six approved investment projects within the framework of the federal targeted programme on the Socioeconomic Development of the Russian Far East and the Baikal Region will increase the number of jobs, tax revenue, and the gross regional product in the Far Eastern regions.

Reference

Introduced by the Ministry for the Development of the Russian Far East.

A list of investment projects to be implemented in the Far East (hereinafter referred to as the List and the Investment Projects) has been approved by a signed directive.

The list was drafted in accordance with the methods approved for the selection of investment projects to be implemented in the Russian Far East and the Baikal region, which were stipulated in Government Resolution No 1055 of 16 October 2014.

These investment projects provide for the creation of companies that produce and process gold in the Kamchatka Territory and the Amur Region, iron ore in the Republic of Sakha (Yakutia), coking coal concentrate in the Republic of Sakha (Yakutia) and the Khabarovsk Territory, and a coal transloading facility in the Khabarovsk Territory.

The implementation of these investment projects will ensure the achievement of the targets (indicators) set out by the federal targeted programme for the Socioeconomic Development of the Russian Far East and the Baikal Region, according to gross regional product and the growth of investment in comparable prices.

The implementation of the approved six investment projects will increase the number of jobs, tax revenue, and the gross regional product in the Far Eastern regions.