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The authorities of the Amur region have applied for the dissemination of the regime of SPV in Blagoveshchensk - EastRussia | Far East

Irkutsk
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The authorities of the Amur region have applied for the dissemination of the SPV regime in Blagoveshchensk

Special project TORA and Free Port

The Amur Region submitted an application to the Ministry of Eastern Development to include Blagoveshchensk in the free port of Vladivostok. If it is approved, the Amur region will become the fifth region in the country where this preferential tax regime will operate. The application included three investment projects for a total amount in excess of three billion rubles.

The authorities of the Amur region expect that the SPV regime in Blagoveshchensk will be distributed by the end of the year. The anchor project in the application is the cross-border cable car Blagoveshchensk - Heihe, which is planned to be launched in 2021. It will allow Russian and foreign tourists to comfortably cross the border. The project will also build a passenger terminal and a duty-free shopping complex. Within an hour, up to two thousand people will be able to move along the route.

According to the press service of the regional government, the application also included a project to create a soy plant. The investor is ready to process up to 300 tons of soybeans per day and export products to the central part of Russia and to China. He plans to launch production within a year after the expansion of the SPV regime to Blagoveshchensk.

The third project in the application is a plant for the production of aerated concrete products. Potential resident SPV plans to supply the construction market of the Amur region and the nearest regions to 100 thousand cubic meters of products per year.