26 June 2019

The Federation Council discussed the investment potential of Krasnoyarsk Region

Within the framework of the Krasnoyarsk Region Days that started on June 24 at the Federation Council, the meeting of the Committee for Economic Policy was held. One of the main points of the agenda was the investment potential of the region. The presentation was made by the Deputy Chairman of the Government of Krasnoyarsk Region Sergei Vereshchagin.

Speaking of the regional economy, the Deputy Chairman of the Government of the Region stated that Krasnoyarsk Region is one of the largest and industrially advanced regions of the country. It is in the top ten for its GRP, industrial production volume and the amount of investment.

“The region owes its high socioeconomic development standards to the large-scale investment projects in metallurgy, oil and gas sector, gold refinement, forestry and machine engineering”, said Sergei Vereshchagin. “In the attraction of investment, Krasnoyarsk Region retains the leadership all around Siberia, listed in the top ten for the Russian Federation. Every year, the investment into its capital exceeds 400 billion Roubles”.

He also emphasized that the prospects of further intensive increment of the economic potential are related to the implementation of the Yenisey Siberia Comprehensive Investment Project supported by the President of Russia Vladimir Putin and approved by the Government of the Russian Federation.

“We began our work last February, starting from seven projects with the investment volume of over 500 billion Roubles. Today the number of investment projects has grown by almost five times: today there are 32 projects with the total declared investment value of over 1.9 trillion Roubles”, explained Sergei Vereshchagin.

In his speech, he emphasized that to put the ambitious plans into practice with due regard to the federal status of the project and its national significance, the federal authorities need to provide their support and participate in settling the day-to-day problems. In particular, the most sought or kind of support in the current investment policy is the development of infrastructure.

“With regard to the geographic and climatic peculiarities of the Region, the current deficit of finance, we are in need for federal solutions for the key infrastructural projects”, highlighted the Chairman of the Committee Sergei Vereshchagin. “First of all, considering the growing significance of the region as a transit hub, as well as the development of export-oriented production sites, it is necessary, first of all, to complete the modernization of the existing airport infrastructure”.