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MIL OSI Translation. Region: Russian Federation –

Financing of the priority development area “Mikhailovsky” in the Primorsky Territory will be increased by 309 million rubles. This resolution was signed by the Prime Minister Mikhail Mishustin.

The funds will be used to create an autonomous gas supply system. It is necessary for the implementation of an investment project for the construction of a modern livestock cluster. It is expected that the enterprise will create more than 1.5 thousand new jobs, and the total volume of private investments in the agricultural complex will exceed 9 billion rubles.

A resolution was also approved on additional financing of the Komsomolsk ASEZ (Khabarovsk Territory) in the amount of 699.9 million rubles. The money will be directed, among other things, for the construction of several production and administrative buildings, an office building, and a transformer substation. This infrastructure is necessary to accommodate current and potential residents.

TOP is a special tool for the development of territories designed to stimulate priority sectors of the economy and attract new investors, thereby contributing to the growth of the well-being of residents of the regions. PDA residents have access to a wide range of benefits and preferences, including reduced rates on taxes and insurance premiums and the free customs zone procedure.

The documents will be published.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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