In 2015, investments in new projects in the Far East and the Arctic of Russia may exceed 1 trillion rubles thanks to the mechanisms of the priority development areas (PDAs) and the Free Port of Vladivostok (FPV), the Far East and Arctic Development Corporation reported.
“In 2024, the volume of the investment portfolio, which consists mainly of projects implemented by residents of the Far Eastern preferential mechanisms (PDAs, FPV), increased by 16%,” the state corporation said in a statement, as cited by TASS.
“The plan for 2025 is to structure new projects in the Far East and the Arctic worth more than 1 trillion rubles.”
According to the head of the state corporation, Nikolai Zapryagaev, in addition to the construction of infrastructure, including roads, on-site networks and buildings, the company also continues to provide support for projects after they are put into operation.
Theodor Lisovoy, Managing Editor, Rough&Polished
