Ministry of Finance of Russia discussed federal support to be provided to the Yenisey Siberia CIP

A working meeting presided by the Deputy Minister of Finance of Russia, Secretary in Charge of the Taskforce for the facilitation of new investment project implementation Andrei Ivanov was held at the Ministry of Finance of the Russian Federation. The meeting was dedicated to the projects incorporated into the Yenisey Siberia Comprehensive Investment Project. Representatives of the governmental authorities of Krasnoyarsk Region, the Republic of Tuva, the Republic of Khakassia, the Yenisey Siberia Development Corporation, CIP investor companies took part in the meeting.

Reports on the process of implementation of the investment projects and the problems requiring involvement of the Federal Government were presented by the representatives of Rusal UC, JSC, Agrarian Group Managing Company, LLC, Intergeo Managing Company, LLC, YuzhUralZoloto Managing Company LLC. The meeting agenda included discussion of the mechanisms for providing federal support to the projects run by the companies.

It is planned to provide federal support to the project of Intergeo Company through financing the construction of the PTL to the Ak-Sug field from Tulun substation in Irkutsk Oblast. At the meeting, the mechanisms for bringing the funds to the regional level were discussed.

Special attention was paid to the infrastructure issues, and, particularly, to construction of a bridge near Vysokogorsky Village. The Government of Krasnoyarsk Region suggested the Government of Russia to consider the possibility of shifting the time of commencement of construction to the year 2020. Assignment of additional funds for co-financing of the bridge construction in the developed budget of Krasnoyarsk Region for the year 2020 is being considered. Moreover, the current issues of the Krasnoyarsk Airport runway reconstruction are discussed.

“The meeting also covered administrative questions, concerning preparation of the legislation on protection and encouragement of capital investment, modification of regional legislation, enactment of a model law regulating the investment activity in the constituent entities of the Yenisey Siberia CIP”, remarked Sergei Ladyzhenko.