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MIL OSI Translation. Region: Russian Federation –

Source: Ministry of Economic Development (Russia) – An important disclaimer is located at the bottom of this article.

The “Five Seas and Lake Baikal” project, which involves the construction of new resorts in nine regions of the country, will receive support from the national project “Tourism and Hospitality Industry”. More than 100 billion rubles will be allocated by 2030, Russian Minister of Economic Development Maxim Reshetnikov said at a meeting with the President on the creation of federal year-round seaside resorts.

“Such projects will require concentration of resources. As part of the national project, more than 100 billion are planned until 2030. Also, if necessary, we are ready to send revenues from increasing duties on imported wine from unfriendly countries to seaside resorts. There are agreements on this with the Ministry of Finance,” noted Maxim Reshetnikov.

At the same time, it is assumed that large infrastructure, roads and railways, airports and energy facilities will be built through development programs of line ministries and departments, and the regions will be able to implement the creation of utility infrastructure with the active use of existing mechanisms, such as the restructuring of budget loans, infrastructure budget and special treasury loans.

At the same time, the Ministry of Economic Development plans to provide benefits and preferences for business. Resorts in the Kaliningrad, Irkutsk regions, Buryatia, and Dagestan will become part of special economic zones. In the Primorsky Territory, benefits will be provided by the priority development area and the free port of Vladivostok. In Zaporozhye and Crimea there is a Free Economic Zone in these territories.

The bulk of the resorts within the framework of the Five Seas and Lake Baikal project will be created from scratch. Most subjects today are actively resolving land and property issues and preparing urban planning documentation. Resorts in the Irkutsk region and Buryatia will become part of the existing SEZ, where residents already work and there is engineering infrastructure.

“In Buryatia, tourism is a priority area of development. Over the past three years, the growth in the number of tourist trips to the republic has increased 2.3 times and amounted to 641.3 thousand people in 2023. However, the creation of tourism, including transport infrastructure, on Lake Baikal significantly lags behind the constantly growing demand. The “Five Seas” project is designed not only to create high-quality facilities, but also to protect Baikal from unorganized wild tourism in two regions. On behalf of President Vladimir Putin, when creating facilities near water bodies, we must strictly adhere to the principle of “zero pollution,” noted the head of Buryatia, Alexey Tsydenov.

In Dagestan, where the Caspian coastal cluster is being implemented by Kavkaz.RF jointly with the Government of the Republic, a master plan, development concept and planning project have already been prepared. The design of the resort infrastructure has begun.

“Our company today manages 60% of tourism SEZs. And we strive for synergy of all existing state support measures, not only those provided for by the status of a special economic zone. Future investors are offered preferential loans for the construction of hotels, tax breaks, long-term land lease on preferential terms and, most importantly, free connection to the infrastructure we have built. It is important that this will be a balanced mechanism, where everyone performs their function. The state creates conditions, investors create points of attraction. It is planned to invest about 70 billion rubles of private investment in this large-scale project. The work is underway – today we have started engineering design, next year we will begin construction of the first facilities,” commented Andrey Yumshanov, General Director of Kavkaz.RF.

Please note; This information is raw content directly from the source of the information. It is accurate to what the source states and does not reflect the position of MIL-OSI or its customers.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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

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