Translartion. Region: Russians Fedetion –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The work is being carried out on the instructions of the President.
The planned amount of funding for the implementation of long-term projects for the social development of economic growth centers in the Far Eastern regions has been increased from 41.4 billion to 73.3 billion rubles. The decree on this was signed by Prime Minister Mikhail Mishustin. The decision will guarantee federal co-financing of projects implemented within the framework of the Far Eastern concession.
The funds will be allocated from the federal budget in 2027–2039 and will be used to co-finance the regions’ expenses when implementing concession agreements, the term of which exceeds the period of validity of budget commitment limits.
The activities planned using the increased funding include the construction of an embankment in Khabarovsk Krai, the creation of the Mine Town Park in Vladivostok, as well as an innovative scientific and technological center on Russky Island, the construction of a bridge across the Bira River in Birobidzhan, the reconstruction of the Birobidzhan-Ungun-Leninskoye highway, and the modernization of outdoor lighting in the city of Svobodny in Amur Oblast and in the city of Chita in Zabaikalsky Krai.
“By the Government’s decision, we will secure funding obligations for five Far Eastern regions in the amount of almost 32 billion rubles for 12 years, starting in 2027. We will take them into account when forming the federal budget for the corresponding periods,” Mikhail Mishustin noted atGovernment meeting on February 20.
The Far Eastern concession mechanism is one of the main instruments for implementing plans for social development of economic growth centers in the Far East regions. With the help of such a mechanism, the state guarantees companies a return on investment and minimizes risks. The Government is conducting this work on the instructions of the President.
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