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The investment platform of the FRDF and JBIC concluded the first agreements with Japanese companies - EastRussia | Far East

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The investment platform of the FRDF and JBIC concluded the first agreements with Japanese companies

LLC Platform for Supporting Japanese Investment in the Far East has issued the first agreements on cooperation and support of investment projects with a number of Japanese companies, the press service of the Ministry of Regional Development said. The partners of the investment platform were JFE Engineering Corporation, Arai Shoji Co. Ltd. and JSC Hokkaido Corp.

"Currently, the company is working to conclude agreements with potential Japanese investors, Russian project initiators, as well as financial institutions," the words of the head of the board of directors of the investment platform company, the general director of the Far Eastern Investment Promotion Agency Leonid Petukhov. It is reported that the finstruktura accompanies a number of projects with Japanese capital in the Far Eastern Federal District for a total amount of over 8 billion rubles. Projects are designed to create almost 700 jobs. Among them are the construction of a car recycling plant Terminator, a silica processing plant, the development of a wholesale distribution agro-industrial park AgroHab, and others.

The Platform for Supporting Japanese Investment in the Far East was established in March of the year 2018 by the IPA, the Far East Development Fund and the Baikal Region (FDBD) and Japan Bank for International Cooperation (JBIC, Japan Bank for International Cooperation). As reported, the authorized capital of the investment fund is 560 million rubles. Its main goal is to attract Japanese investors to TOP and SPV, support investment projects right up to the launch of the project.