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Five billion rubles from federal budget to be spent on Yakutia Backbone Zone

January 22, 18:20 UTC+3 YAKUTSK

The Northern-Yakutia Backbone Zone includes five territories of complex development, with 13 Arctic districts, where investors will have taxation and other benefits for their projects

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Port in Yakutsk

Port in Yakutsk

© Boris Kavashkin/ITAR-TASS

YAKUTSK, January 21. /TASS/. Co-financing from the federal budget for the transport infrastructures in the Northern-Yakutia Backbone Zone will exceed 5 billion rubles ($83 million), Yakutia’s deputy permanent representative in Moscow, Taras Popov, told TASS.

The new version of the federal state program for development of the Russian Arctic zone includes organization of eight backbone zones in the country’s Arctic regions for complex development of those territories, including of the energy and transport infrastructures with use of the Northern Sea Route, and development of the Arctic shelf.

"The program outlines priority infrastructure projects in the Russian Arctic zone, where, according to preliminary information, the total financing from the federal budget will be more than 5 billion rubles," the official said.

Under the state program, concepts for those zones should be done within 2016-2017, at the second stage - in 2018-2020, pilot projects will be launched, they will be filled with scientific and technology solutions, and on the third stage - up to 2025 - those backbone zones should begin functioning fully, he said.

The Northern-Yakutia Backbone Zone includes five territories of complex development, with Yakutia’s 13 Arctic districts, where investors will have taxation, customs and other benefits for their projects. Of priority are investment projects in development of hydrocarbon deposits on the shelf and in mainland Yakutia, mining: big and unique deposits of diamonds, gold, nonferrous and rare metals, tin.

On February 1, the Russian government will receive for further consideration the new version of the state program on social and economic development of the Russian Arctic zone. Organization of the Northern-Yakutia Backbone Zone will also influence development of the neighboring regions: Krasnoyarsk territory, Chukotka and Magadan region, which depend on the Northern Sea Route.

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