The government has expanded the list of investment projects in the regions to support them

Russian Prime Minister Mikhail Mishustin signed a decree expanding the list of industries and projects for the implementation of which the regions can use funds freed up due to the restructuring of debt on budget loans, the press service of the government said.

The list, which already includes agriculture, housing and tourism, also added the construction of airport infrastructure, and the provision of electricity and gas.

“As for specific objects, funds are allowed to be invested, including in the infrastructure of industrial (industrial) parks and technoparks, special economic zones, territories of advanced development, innovative scientific and technological centers,” the statement says.

Investment projects worth at least RUB 50 million will be eligible for selection, while an agreement of intent must be concluded between the regional management and a potential investor, in which it is necessary to record data on the planned volume of investments, the number of jobs created that are needed to implement the investment project. This decision, according to the government, will simultaneously reduce the debt burden of the regions and allocate additional funds for economic development.

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