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Russia's Arkhangelsk Region to have second advance-development territory

The Arkhangelsk Region will set up the second advance-development territory in Novodvinsk, a mono-industrial city which is located in the Russian Arctic zone

ARKHAGELSK, March 26. /TASS/. The Arkhangelsk Region will organize the second advance-development territory (TOR) in Novodvinsk, a mono-industrial city, which is located in the Russian Arctic zone, the region’s Minister of Economic Development Semen Vuimenov told TASS.

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"The application contains six promising investment projects, where the investments will exceed 1 billion rubles ($17.5 million), and - most importantly - we shall have more than 100 new jobs," he said. "It would be a breakthrough in the work to diversify Novodvinsk’s economy."

The Sozvezdiye association of oil and gas industry suppliers has initiated building in the city of a mini plant to liquefy natural gas. "The problem of liquefied natural gas is highly important now: quite soon black oil and heavy fuel would be outlawed, while liquefied gas is easy to transport - it is very compact," the association’s head Sergei Smirnov said. "We shall focus on facilities in the Arkhangelsk Region - municipal facilities, small industrial facilities."

Another project in Novodvinsk is a plant, which will produce led and energy-saving equipment. Besides, the city’s new plant will produce cement-bonded wood fiber.

Novodvinsk’s only industrial facility is the Arkhangelsk wood and pulp plant. In region’s seven mono-industrial cities live almost 300,000 - practically every forth resident in the region. A TOR is established in Onega.

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