Investment planned in Murmansk region.
In a press release on Monday, Russia Prime Minister Mikhail Misjustin has signed a decree related to the plans for six large state-backed projects in the Russian Arctic. One of these projects is a salmon and trout breeding facility in the Murmansk region.
According to the government, the state subsidy for each of the projects will be up to 20 per-cent. One of the prerequisites is that the project in question costs at least 300 million rubles, which is around EUR 3.2 million.
- Read more: Russian Aquaculture triples sales volume
The Government believes the projects will increase investment in the Arctic, as well as having a positive effect on the socio-economic situation in the area.
Other projects that receive support are: a mining and metallurgical plant in the Murmansk region, the coal field at Syradasai will be developed, a company will be established for the extraction and processing of lead ore, a deepwater terminal for reloading mineral fertilisers at the port of Murmansk will be built, and the infrastructure at Vitino port will be repaired.
