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State-owned companies are obliged to coordinate the new infrastructure of the FEFD with the Ministry of Eastern Development - EastRussia | Far East

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State companies are obliged to coordinate the new infrastructure of the Far Eastern Federal District with the Ministry of Regional Development

According to the decision of the Government of the Russian Federation, state corporations, state-owned companies and other organizations with state participation, from July it will be mandatory to coordinate investment plans (programs) for the development of the infrastructure of the Far Eastern Federal District with the Ministry of Eastern and Eastern Development, the ministry’s press service reported on Thursday with reference to its head Alexander Galushka.

“This is another measure that is needed to address specific issues. The decision will make it possible to link the plans of state-owned companies and state-owned corporations with comprehensive development plans for the Far Eastern regions, and the Ministry of Eastern Development will become the coordinator of this process. This will also allow us to link with each other the plans of various state-owned companies, which is especially important when implementing such large projects as the Amur GPP or the All-Union Oil and Chemical Industry, the press service quotes the minister.

Prime Minister Dmitry Medvedev approved directives to representatives of the interests of the Russian Federation to attend meetings of boards of directors (nabsovets) of joint-stock companies included in a special list of 40 strategic companies. Among them are Aeroflot, RusHydro, the Mortgage Lending Agency, VTB, ALROSA, Gazprom, and Rosseti. Within 10 days, meetings of the boards of directors of these corporations and companies will be held to approve the procedure for coordinating investment programs for the development of infrastructure in the Far Eastern Federal District. And in 30 days, this order should be approved after agreeing with the Ministry of Regional Development.

Powers to coordinate plans of state-owned companies will allow to coordinate and dock various programs among themselves, Alexander Galushka noted earlier.