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  • 2016 June 23 11:14

    Three more PDAs to be created in Russia's Far East, official says

    The governmental subcommittee on the investment projects in the Far East on June 30 will consider the creation of three new Priority Development Areas (PDA) on Russia's eastern territories, the Far East Development ministry said Thursday.

    The FED ministry head Alexander Galushka said the PDAs will comprise "Amur-Khingansky", "Kuril Islands" and "Svobodnenskaya". The subcommittee will also decide on the federal investments in six infrastructure development projects and on investment of the Far East Development Fund in two new projects.

    The issue was addressed at a joint meeting of the Board of the Prosecutor General's Office of the Russian Federation and the Russian Ministry of Fare East Development in Khabarovsk.

    Mr. Galushka said these PDAs are expected to attract RUB 190 billion in the Far East. In a little over a year now more than RUB 1,180 bn have been invested in the Far East projects which helped create 60,000 new jobs.

    Formation of the 12 PDAs allowed the region to attract RUB 496 billion of investments, RUB 308 of state investments into infrastructure development of these projects, 156 billion rubles were invested into Free Port of Vladivostok, the Far East Development Fund injected RUB 88 billion, RUB 69 billion were invested under the new Federal Target Program for the development of the Kuril Islands, and 63 billion rubles were invested under a comprehensive plan for the development of Komsomolsk-on-Amur.

    The official also noted that the first Eastern Economic Forum contributed to these results: there were 80 contracts worth RUB 1.3 trillion signed at the forum.




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