×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Government Finalizing List of Far East Development Proposals

The Far East Development Ministry on Tuesday sent a list of more than 90 priority projects for the region to be reviewed by Vneshekonombank.

Many of the proposals focus on the development of transportation infrastructure, said a statement on the Baikal regional government's website. Moreover, five of them will be interregional, including the modernization and reconstruction of the Baikal-Amurskaya road and the Trans-Siberian Railway, the construction of a bridge linking Sakhalin Island with the mainland, and further development of airports in the region.

Victor Ishaev, the president's representative in the region, said linking Sakhalin to the mainland will improve Russia's geopolitical standing in the region while developing the railways will increase the transit potential and create the shortest transit corridor between Europe and Asia.

If approved, the projects would be financed by the Far East and Baikal Regional Development Fund, created in 2011 by Vneshekonombank to facilitate investment projects in those regions.

However, RIA-Novosti reported that at a meeting at the end of October to discuss a 15 billion ruble ($470 million) increase in the fund's budget, Prime Minister Dmitry Medvedev noted that the decision to support the fund was far from unanimous, as current funding in the region already exceeds 100 billion rubles.

Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more