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Belogorsk ASEZ territory will be expanded for the implementation of an investment project

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Belogorsk ASEZ territory will be expanded for the implementation of an investment project

The boundaries of Belogorsk Advanced Development Territory (ADZ) in the Amur Region will be expanded to include new land, according to the Cabinet of Ministers' website.

"This decision will help to create conditions for the implementation of the investment project on technical re-equipment of the elevator in the village of Seryshevo. It is planned to complete work at the facility in 2022," the government said in a statement.

It is specified that due to the adopted Resolution, at least 130 mln. roubles of private investments will be injected into the regional economy.

A PRA is a special tool for territorial development aimed to stimulate priority sectors of the economy and attract new investors, thereby contributing to the growth of prosperity of the regions' residents. Residents enjoy a wide range of benefits and preferences, including reduced tax and insurance rates and a free customs zone procedure.

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Author: Karina Kamalova

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