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EastRussia Bulletin: Fighting inefficient projects intensifies in the Far Eastern Federal District - EastRussia | Far East

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EastRussia Bulletin: Fighting inefficient projects intensifies in the Far Eastern Federal District

EastRussia Bulletin: Fighting inefficient projects intensifies in the Far Eastern Federal District
Photo: EastRussia
Special project TORA and Free Port
There is a process of termination of agreements with investors, mainly in the Khabarovsk Territory, reads the next published issue of the EastRussia bulletin. Last week, Minvostokrazvitiya proposed to initiate early termination of the agreements due to the apparent default of obligations with three more investors in the TOP companies Samraga-Holding (land and pipeline transport), Toreks (metallurgical production) and DPK Khalibs ( manufacture of finished metal products and electrical equipment).

However, only "Torex" has a valid reason. The company plans to build a steel plant near Khabarovsk for 4,5 billion rubles, bought a land plot for the project, agreed with equipment suppliers and worked out the issue of attracting a loan. However, later "Torex" bought out the bankrupt factory "Amurmetal" and will be engaged in the reconstruction of this asset. As a result, the investor is simply unable to realize his old project of metalworking development. As for the other two companies, Samraga Holding does not have its own funds for the proposed construction of the railway line through the Sikhote-Alin ridge, and the Khabibs PDK does not come into contact.

Termination of agreements is relevant for the gaming zone "Primorye". Thus, Vice Prime Minister - presidential envoy in the Far Eastern Federal District Yuri Trutnev proposed to take land from investors in the integrated gambling zone, which do not work there. Later on, auctions will be announced there, undeveloped plots of land will be put up for auction (about 61 ha). It is worth noting that the gambling zone regularly faces problems from investors who are slow or do not implement the announced projects at all. Since 2015, the first casino, Tigre de Cristal, has been operating on the territory of Primorye. Currently, several new casinos, hotels and other facilities are being built.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).