© RIA Novosti. Vladimir Pesnya

Far East and Arctic Development Corporation presents initiatives on developing Arctic ports

According to Corporation representative Diana Migrin, 102 investment projects in transport and logistics are currently being implemented in the Arctic with the support of the Corporation and the state.

To date, 31 enterprises have already been put into operation. Meanwhile, the amount of investments stated in the contracts exceeds 194 billion rubles, which is ten times more than five years ago, stressed Diana Migrin.

She spoke in detail about the support measures that make the projects economically viable. Such measures include: tax benefits, 75-percent lower social deductions, administrative preferences, such as granting land plots, leasing on preferential terms, one-stop-shop service as well as infrastructure support, including compensation for the costs of connection to utility lines.