RF Government rectified 10 investment project of Krasnodar region to compensate costs during construction of infrastructure facilities

In October 2020 RF Government approved a new vehicle enabling regions to write off the arrears on budget loans. At the expense of the released resources an infrastructure for new investment projects will be built in the constituent entities of the Russian Federation. 

On February 18 the Government approved 158 of such investment offers, 10 of which will be implemented on the territory of Krasnodar region. Those are large projects valued at more than 13 billion rubles. Their implementation will yield around 800 new workplaces for the region. For instance, a new hotel and logistics centers will be built in Novorossiysk, and flour mill – in Yeisk region and a canning plant – in Novokubansk region. 

2.6 billion rubles will be channeled from the regional budget to cost compensation during the construction of infrastructure facilities this year. In broad terms, 10.5 billion rubles are rooted into the budget project for these purposes for three years.

Press-Service of the Administration of Krasnodar region