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FRDF will consider investment projects in the field of mining, agricultural production, energy and tourism in the Magadan Region - EastRussia | Far East

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FRDF will consider investment projects in the field of mining, agricultural production, energy and tourism in the Magadan Region

The Development Fund of the Far East and the Baikal Region will consider investment projects initiated by the Magadan Region in the amount of more than 95 billion rubles

FRDF will consider investment projects in the field of mining, agricultural production, energy and tourism in the Magadan Region
This was reported by the press service of the fund.

In Magadan there was an investment session of the FRGD, at which projects in the field of mining, agricultural production, energy and tourism were considered. The initiators of the projects are Vostok Business, Nedra, PJSC Magadanenergo, TC Agro Invest, Agro-Industrial Park Magadansky, Mega-24 and others.

The meeting participants discussed the timing of project implementation, key financial and economic indicators, market factors and competitiveness, the need for additional infrastructure, sources of funding, possible models for supporting projects from the FRDV, Interfax notes.

In particular, the Fund’s management presented construction projects for mining enterprises in the Igumenovskoe, Rodionovskoye, Utinskoye, Oroekskoy metallogenic gold fields, the Senon and Serebryanoye ore silver and gold deposits, projects for the exploration and mining of zinc, lead, silver, copper, iron, cadmium and germanium on Kunarevskaya promising area.

Most of the projects submitted for investment projects need infrastructure - roads and power lines.

“The Magadan region is the treasury of our Motherland, which can offer the world market natural resources - gold, silver, platinum. Today, when the Russian economy is under pressure from external factors, projects related to the extraction of mineral resources that we can offer to the world market are acquiring special value. The fund's resources are long-term and inexpensive money that will speed up the launch of mining enterprises and realize the enormous potential of the Magadan region in the field of mining, ”said Alexey Chekunkov, CEO of FRDV, whose words are quoted in the message.

All project initiators were invited to send the basic financial and economic information necessary for conducting preliminary scoring based on the selection criteria for investment projects established by the internal regulations of the fund, as well as by the RF Government Decree 16 of October 2014.

The next investment session of the Development Fund for the Far East and the Baikal Region will be held on February 12 in the Amur Region.

The Fund for the Development of the Far East and the Baikal Region is a state financial development institute, invests in the creation of new enterprises and infrastructure facilities. The authorized capital of the fund is 15,5 billion rubles.