Ministry launched a new round of selection of investment projects for realization in the far East


VLADIVOSTOK, October 21. /Corr. Natalia Nikulina/. Ministry launched a new round of selection of investment projects for their further implementation in the far East, the main criteria are the amount of value added tax revenues from the project and private investments on 1 ruble of state support, the press service of the Ministry.

“Applications for participation in the selection of investment projects will be accepted until November 13. All applications will be considered until 30 November”, – stated in the message.

The main selection criteria are the amount of value added tax revenues from the project at all levels of the budget system and attracted private investments for 1 ruble of state support, said the press service.

According to the results of the Eastern economic forum in Vladivostok, Russian President Vladimir Putin gave a number of instructions, in accordance with which the list of investment projects should be expanded.

“Interest in the mechanism of state support of infrastructure investment projects with potential significant investors. We expect that before the end of this year, new investment projects will be selected” – quoted in the message words of the Minister for Far East development Alexander Galushka.

In 2015 has already been selected 6 of the investment projects, their support has been allocated 13 billion rubles of direct government subsidies. Thanks to this, investors are ready to implement projects of a total volume of 126 billion rubles of private investment.