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Number of Japanese investment projects increased in Far Eastern Federal District - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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The number of Japanese investment projects has increased in the Far Eastern Federal District

The number of Japanese investment projects has increased in the Far Eastern Federal District
Photo: pixabay.com

The platform created in the Far East to support Japanese investment doubled the number of supported projects. According to experts, several tens of billion rubles can be invested in their implementation. Initiatives related to agricultural production, waste recycling and construction.

On the Japanese side, the founders of the platform were the state bank JBIC, on the Russian side, the Far East Agency for attracting investments and export support. According to its head Leonid Petukhov, the main tasks of joint work are to attract Japanese investors to the ASEZ and the free port of Vladivostok. In 2019, the number of supported projects increased from 12 to 25.

Among the promising projects are the construction of a greenhouse in Kamchatka, the cultivation of fodder corn, strawberries, honey, the production of milk powder, the collection of birch sap, the construction of a business center in Vladivostok. One of the support mechanisms is to obtain a three-stage loan from JBIC Bank through VEB and JSC “Development Fund for the Far East and the Baikal Region”.

Thus, the third phase of the Sayuri greenhouse complex in Yakutia is being financed. They plan to use the mechanism for projects on the supply of Japanese equipment for the creation of a waste recycling plant in Kamchatka and for the creation of a car recycling plant in the Primorsky Territory.