Far East Development Corporation JSC has signed an agreement with five companies on carrying out activities within the Free Port of Vladivostok. According to the Corporation, investments into new production facilities are estimated at RUB 1.5 bln. Over 320 jobs are to be generated in the Primorsky Territory.
One of the new residents, Composite Shipbuilding LLC is going to build civil ships of the new generation for tourism.
“Our project will contribute to development of tourism industry and to implementation of the federal programme on import substitution. We are going to build high-speed catamarans basing exclusively on domestic technologies,” says Aleksandr Mamonov, Director General of Composite Shipbuilding LLC.
Other companies in the list of new residents of Free Port of Vladivostok are two logistic companies. One of them, Lider LLC, will invest RUB 18 mln into creation of a multi-functional storage facility of 4,370 m2 in Vladivostok. The delivery is expected in QIV’2017. DKP Logistic LLC will build a reefer facility of 6,000 m2 for storing of meat, fish, diary and pharmaceutical products, etc.
In Nakhodka, SoyuzGaz LLC will implement a project on construction of a terminal for transshipment of LPG from rail tank wagons into container tanks.
Transline LLC will invest RUB 1.067 bln into the project on assembling of Yutong buses in Artyom.
As of today the Corporation has received 68 applications from potential residents for total amount of over RUB 146.6 bln. More than 19,000 jobs are to be generated under those projects.
Federal Law of the Russian Federation (No 212-FZ) "On the Free Port of Vladivostok", came into force on October 12, 2015. Free Port regime provides for a wide range of preferences and tax benefits.
To acquire a status of FPV resident a company must be incorporated within the territory of Vladivostok Free Port and invest at least RUB 5 mln within 3 years.
Far East Development Corporation JV was defined by RF Government as a company to manage Priority Socio-Economic Development Areas (PDAs) and the Free Port of Vladivostok, 100% of which is held by the Russian Government.
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