For a long time, the Far East was on the verge of impoverished existence. Financing in this area was carried out according to the residual principle: what other regions did not take, then you will get it. But in 2011 the situation changed dramatically, and the initiator of the new project was the President of the Russian Federation and the Prime Minister of the Russian Federation.
general information
The “Development Fund for the Far East and the Baikal Region” was formed at the end of 2011. Its main goal is to support infrastructure projects, search for investment companies and help develop sectors of the economy.
The main shareholder is Vnesheconombank. The head of the Development Fund of the Far East is Aleksey Chekunkov. Total assets amount to 21 billion rubles. In the future, it is planned to increase this amount by another 1.5 billion rubles. The fund's interest is manifested not only in its own projects, but also in joint ideas with large corporations willing to invest in new areas.
General assessment of the regional economy
The economy of the Far East could be advanced not only in Russia, but also in the world. Unique resources are valued here, valued all over the world. Huge stocks of seafood, minerals, mineral springs. The Development Fund of the Far East and the Baikal Region implies the use of the greatest advantages to attract investors, namely:
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Endless open spaces for building production facilities.
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A wide coastline with access to the Arctic and Pacific Oceans.
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Borders with countries such as Japan, China and the DPRK.
The first successes of the fund
The Far East Region Development Fund has given a good impetus to investors. In a short time managed to attract 2.3 trillion dollars. This amount is equal to 600 projects, the implementation of which will ensure the emergence of 100 thousand new jobs.
Many of these ideas are absolutely not related to resource extraction, which will significantly differentiate the region’s economy. 84% of projects are related to industries such as logistics, tourism, agriculture and electronics.
Projects implemented in 2015
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The Jewish Autonomous Region gained access to China through the construction of a new railway bridge.
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A new transport branch has been developed connecting key cities and towns mining gold in Kamchatka.
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The issue of solid waste disposal on Sakhalin was resolved.
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New ways of communication with the mines of the Solntsevskoye field were built and the port of Shakhtersk was completely redone.
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A huge refrigeration and storage complex in Primorye was designed. Its tasks were the storage and transshipment of fish products. Separately, workshops were opened to quickly freeze fresh catch.
Hectare of land for all
One of the programs of the Development Fund of the Far East is the "Free hectare". Any resident of Russia can get a free plot of land for the construction of private real estate or business.
Initially, the lease involves the use of land for a period of 5 years, but after this it is necessary to reissue the documents in order to extend the use for 49 years. Ten years after the start of construction, it is possible to acquire ownership of it.
The Far East Development Fund does not limit the owner in the use of land. You can build a flower bed, but you can also a small plant. The most popular areas of small business are: logging and agriculture.
Partnership with china
Far East Development Fund OJSC signed a bilateral agreement on the creation of a joint fund with the Chinese Metropolis Corporation. The goal is the creation of assets such as the development of new production facilities for mining and the construction of transport links.
Potential objects for investing money are: 15 gold deposits, 7 tourist recreational bases, as well as the two largest copper-gold enterprises for the extraction and processing of precious metals.
Another Chinese company with which cooperation began is Joyvio. An agreement was signed with her on the supply of food products to China. By the way, Joyvio owns many different brands, including Lenovo Electronics. At the moment, they are focusing on the production of food products with special technology for processing soy and seafood.
Agriculture Investments
One example of integration with large Russian corporations is an agreement on the development of the agricultural industry in the Primorsky Territory. Alexei Chekunkov and the director of the Rusagro Group of Companies have agreed on the joint allocation of 31.8 billion rubles for the construction of a new complex on the territory of Mikhailovskaya TOSER. It is planned that pigs will be raised here.
To ensure a pig-breeding farm, they will build a slaughterhouse for meat production and processing, a workshop for the preparation of animal feed and an elevator. The plans to provide work for more than 1.9 thousand people.
