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Authorities, businesses invest $50 million in Murmansk Region’s development in 2020

According to the deputy governor, the region had agreements with Novatek, Nornickel, PhosAgro and Rosatom

MURMANSK, February 25. /TASS/. Authorities of the Murmansk Region jointly with big businesses invested under joint projects into the region’s social and economic development 3.7 billion rubles ($50 million) in 2020, Deputy Governor Olga Kuznetsova told the local government’s meeting.

"I would like to stress, that the biggest part, namely 2.3 billion rubles, is the corporate investments, and 1.4 billion rubles come from the regional budget," she said. "Businesses have also invested more than 350 million ($4.7 million) in fighting the coronavirus infection. The money has been used to support healthcare institutions and small businesses."

According to the deputy governor, the region had agreements with four companies: Novatek, Nornickel, PhosAgro and Rosatom.

Novatek, as an anchor resident of the Capital of Arctic advance-development territory, will invest to 2029 more than 6 billion rubles ($82 million) in the region’s complex development.

An agreement with Nornickel is on work in healthcare, culture, education and sports as well as in upgrade of the urban environment in Monchegorsk and the Pechenegsky District, worth about 2.7 billion rubles ($37 million) over three years.

PhosAgro will invest over three years 3.9 billion rubles ($53 million) in development of Kirovsk, Apatity and the Tersky District.

Under a framework agreement with Rosengergoatom of 2012, the parties make annual protocols on planned works. For 2020, they had planned works in the Polyarnye Zori town, worth more than 192 million rubles ($2.6 million).