On the creation and development of Tori in the next few years will allocate 50 billion rubles

On the creation and development of Tori in the next few years will allocate 50 billion rubles

SLIDES, 5 may. /TASS/. The Russian government plans to allocate the budget in the coming years, 30 billion rubles for the creation and development of Territories of advanced development (TOR), 20 billion rubles will be allocated from other sources. This was stated by Prime Minister Dmitry Medvedev at a meeting on the preliminary results of work on creation of the Tori in the far East in the years 2015-2017.

“On the development of the TOR infrastructure in the regions sent a lot of money, we have invested about 4.5 billion rubles for the coming years envisages an additional 30 billion rubles, about 20 bn. will be allocated by regions, municipalities and extra-budgetary sources,” he said.

Medvedev said that the money will build roads, power grids and utilities.

“Tax incentives that we provide in the Torah, it is highly significant in comparison with the General procedure and act long term. Let me stress that if we in the current economic conditions have made such a special procedure of working with investors, each budget ruble must be spent efficiently, and we should try to bring maximum return for the residents of the region”, – said the Prime Minister. “Everything is being built with the support of the state, must be based on a long-term perspective and be based on clear plans of development of territories”, – he stressed. Medvedev reminded that in taking the decision to create a new THOR, we need to act intelligently, for sure, knowing that the project will take place.

Not to worsen position of investors

Medvedev stressed that changes in the law of the Torah should not worsen position of investors.

“I want to emphasize that the changes that must be made to the legislation on THOR, should not worsen the working conditions of investors, contracts are not subject to review, the terms of which they determined should be preserved for the whole duration of the specific site, because it is our obligation,” – said Medvedev.

According to him, it is important to analyze the existing Tori, “to evaluate how effectively unite the efforts of the state and investors.” He recalled that in the spring of 2018, the mechanism of Tori can be applied in the entire territory of the Russian Federation. “The implications of extending this mechanism to the whole country need to assess what commitments of the company, the investors, as they perform them, and think about the adjustments in the legislation”, – said the head of government.

To prevent the “recoloured investment”

The Ministry for Far East development and economic development must prevent the appearance in the Torah “recoloured investment”, who want to bring under the tax benefits, Medvedev said.

“Priority development areas are those places where there should be new investments, not old repainted already in place and which just want to bring under a preferential regime. I would ask you to pay close attention to the Ministry of the Far East and the Ministry of economic development and all other structures monitoring,” – said Medvedev.

As stated by the Minister for Far East development Alexander Galushka, a preferential regime should apply only to new jobs created by investors in the Torah. “But a number of investors distributed their former headcount, and not just for new jobs. But we have this problem solved,” – said Galushka.

Export Operators should focus on fast-growing Asia-Pacific countries

Medvedev urged to focus on fast-growing countries in the Asia-Pacific region in the development of export strategies.

At the meeting on the preliminary results of work on the creation of TOR in the far East in the years 2015-2017, he noted that for investors in the region there are not only benefits but also certain risks – large distances, a small amount of the population, and as a result, low demand. “To compete, and I want to stress, with the most dynamically developing countries of the Asia-Pacific region. And it is they that we must navigate, agreeing when planning export strategies,” said the Prime Minister.

He added that companies that have gone on territory of priority development, it is necessary to provide full support to ensure that investors are not faced with a vacuum in the administration, in economic terms: “This applies to training and access to credit, and advice investors in “one window”.

According to Medvedev, the results of the policy of creation of TOR in the far East are already visible, somewhere more, somewhere less, start new production lines in various industries, built about 50 enterprises, an increasing number of jobs. “We certainly expect a right to expect that this dynamic will increase, otherwise, do not need to get involved,” said Medvedev.