Treasury infrastructure loans will be used to build roads and utility networks for new industries, SEZs and tourist complexes. According to the results of the second stage of the competitive selection, financing will be provided for 23 projects in 22 regions for 88 billion rubles. The Minister of Economic Development of the Russian Federation Maxim Reshetnikov reported this to Russian President Vladimir Putin at a meeting with members of the Government, according to the website of the Ministry of Economic Development.
The amount of applications for the two stages of the competition exceeded the budget limit by 2.5 times. It helps not only to attract investments, but also to increase the effectiveness of state support and return on investment by combining it with other tools — SEZs, industrial parks, measures of the national tourism project, said Mikhail Reshetnikov, whose words are quoted on the website.
The implementation of the second stage projects, according to regional estimates, will attract 1.1 trillion rubles of investments and provide 540 billion rubles of tax revenues.
