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Early investors in Russia's Far East receive land without bidding

December 28, 2015, 11:29 UTC+3 KHABAROVSK
Six investors in the Khabarovsk territory received land without bidding under the new program of state support
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© ITAR-TASS/Yevgeny Yepachintsev

KHABAROVSK, December 28. /TASS/. The first six investors in the Khabarovsk territory received land without bidding under the new program of state support, Governor of the Khabarovsk territory Vyacheslav Shport said Monday in the investment message to the business community of the Khabarovsk region.

"Starting from December, new mechanism for supporting investment projects began working in the region - giving investors the rights to obtain land for rent without auctions. The volume of investments in this project should amounf to 500 mln rubles ($7.05 mln) for placing in the Khabarovsk region, 200 mln rubles ($2.8 mln) - in Komsomolsk-on-Amur, 50 mln rubles ($705,233) - in the municipal district," he said.

Among the first investment projects that have received land under the new rules are - medical center, complex for growing and processing turkey, agro-industrial enterprise with 700 milk cows with vegetable store cellar, coal terminal, shopping and entertainment complex with a water park, multi-functional office building.

Shport noted that in 2015, five new investment projects were recognized as a priority in the region. "The volume of investments it will total 74 mln rubles ($1.04 mln), the amount of taxes - 22 bln rubles ($310.01 mln), the benefits - 3.7 bln rubles ($52.14 mln). One ruble of state support will amount to 20 rubles of attracted private investment," he said, adding that the edge of regional Legislative Duma set zero tax rates for residents of the territories of advanced socio-economic development (0% on property tax and income tax for five years).

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