OREANDA-NEWS. August 24, 2015. The adopted decisions will facilitate the creation of conditions for consolidating Russia’s economic positions in the competitive markets of the Asia-Pacific Region and promote the social and economic development of Russia’s Far East by creating additional jobs, building new industrial facilities and attracting investment.

Reference

Submitted by the Ministry for the Development of the Russian Far East in accordance with Federal Law No. 473-FZ of December 29, 2014 “On the Areas of Russia’s Priority Socioeconomic Development.”

The signed resolutions establish five areas of priority socioeconomic development:

  • the Mikhailovsky area on the territory of the Mikhailovsky, Spassky and Chernigovsky municipal districts of the Primorye Territory;
  • the Kangalassy Industrial Park on the territory of the urban district of the city of Yakutsk in the Republic of Sakha (Yakutia);
  •  the Belogorsk area on the territory of the urban district of Belogorsk in the Amur Region;
  • the Priamurskaya area on the territory of the Blagoveshchensky and Ivanovsky districts of the Amur Region;
  • the Beringovsky area on the territory of the Anadyrsky municipal district and the urban district of Anadyr in the Chukotka Autonomous Area.

The borders of the areas of priority socioeconomic development, the types of economic activities subject to special legal regulation of doing business, and the minimal capital investment by the areas’ residents have been defined. These areas will be covered by customs procedures applied for a free economic zone established by the regulations of the Eurasian Economic Union.

The establishment of the Mikhailovsky and Kangalassy Industrial Park areas will be funded by the federal budget under the state programme  Socioeconomic Development of the Russian Far East and the Baikal Region.

The construction of the utilities and transport infrastructure for these areas and the Belogorsk area will be funded in 2015-2017 by the relevant regional and municipal budgets and extra-budgetary sources.

The construction of the transport infrastructure for the Priamurskaya and Beringovsky areas will be funded by extra-budgetary sources.

The adopted decisions will facilitate the creation of conditions for consolidating Russia’s economic positions in the competitive markets of the Asia-Pacific Region and promote the social and economic development of the Russian Far East by creating additional jobs, building new industrial facilities and attracting investment, thus achieving the goals set by the state programme Socioeconomic Development of the Russian Far East and the Baikal Region.