RF Government allocates RUB 13.8 bln to support six investment projects in the Far East

RF Government has allocated RUB 13.8 bln to support six investment projects in the Far East of Russia, says the press center of RF Ministry for the Development of the Russian Far East.

In particular, RUB 3.2 bln will be allocated for the construction and reconstruction of Vanino seaport infrastructure under the project on creation of coal transshipment complex.

In 2015, the allocations for the six investment projects approved by the Government will total RUB 2.7 bln. Total investments will make RUB 13.8 bln. 

According to Alexander Galushka, the works under five of the six investment projects will commence in 2015, the works under the remaining project will begin in 2016.

He also said that “private investments into the projects will total RUB 126.54 bln”.

The list of investment projects to be supported by the state was approved at the meeting of the related Committee on February 12, 2015. RF Government approved the list on March 23, 2015.