Post sponsored by

MIL OSI Translation. Region: Russian Federation –

Deputy Prime Minister Viktoria Abramchenko held a joint meeting on the accelerated development of Siberia with relevant departments and the commission of the General Council of the United Russia party.

As Victoria Abramchenko said during the meeting, the Government has carried out work on the selection of anchor investment projects that will significantly increase the socio-economic indicators of the macroregion.

The Deputy Prime Minister – curator of the Siberian Federal District in the Government noted that the Siberian District has a high potential for development. In particular, the vast majority of the reserves of non-ferrous and rare earth metals are concentrated here, for which there will be long-term demand in the conditions of the raw material supercycle and the transition to an energy efficient economy, as well as 80% of the total Russian coal reserves. At the same time, as the global reduction in coal consumption, the accumulated human and infrastructure potential will need to be reoriented to other industries. This work is already underway in relation to the Kemerovo region – Kuzbass. In addition, the high transport potential and prospects of industries for domestic demand in the field of agriculture and tourism were noted.

“We are creating a new strategy for the development of the macro-region, which will allow us to realize the potential and launch new projects based on the cluster approach. And to solve the key task – to improve the quality of life of people, to create conditions for attracting and retaining the population of Siberia,” said Victoria Abramchenko.

The Vice Premier said that the expert group has already analyzed promising investment projects, where there will be long-term demand for personnel, competitive wages and economic growth.

“We propose to include eight industrial clusters in the strategy for the development of Siberia. These are “Forest, wood chemistry and wood processing”, “Aluminum processing”, “Non-ferrous and rare earth metals”, “Precious metals”, “Tourism”, “Agriculture and food industry”, “Oil and gas” and “Coal”. Together with existing models for increasing investment activity, the projects will create more than 450,000 jobs by 2030 and attract more than 9 trillion rubles,” the Deputy Prime Minister said. First of all, this will be facilitated by the existing mechanisms for stimulating investment activity. These are preferential regimes (SEZ and TASED), infrastructure budget loans, as well as projects that receive infrastructure support at the expense of funds released from the regions after the restructuring of budget loans. The implementation of these projects will attract 2.5 trillion rubles of investments and create 186.6 thousand jobs.

The launch of the largest clusters – mining, aluminum processing, timber processing, tourism and agriculture will attract 4.81 trillion investments and create 271.4 thousand jobs by 2030.

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

MIL OSI Russia News