VEB.RF takes an active part in the development of the Russian Arctic. VEB.RF is involved in 17 projects in the macroregion with a total value of over 3 trillion roubles. VEB.RF’s commitment exceeds 850 billion roubles. In addition, with the support of the development institution, master plans were prepared for five key population centres in the Arctic. The work of VEB.RF in the Arctic and the contribution of the development institution to its development were discussed at the forum “The Arctic: Territory of Dialogue”.
“Currently, we have 17 Arctic projects worth 3 trillion roubles. Another 12 projects worth up to half a trillion roubles are in the hot pipeline and will be launched in the near future,” said Artyom Dovlatov, Deputy Chairman, VEB.RF.
VEB.RF has a systematic approach to the development of the Arctic. With financial support from VEB.RF, master plans have been formulated for five key population centres: the Bilibino Municipal District, the urban districts of Egvekinot and Pevek in the Chukotka Autonomous District, and the Kem-Belomorsk and Arkhangelsk agglomerations.
According to Alexander Lomakin, Russian First Deputy Minister of Construction, Housing and Utilities, the key population centres are points of attraction. “All the future activities in the key population centres will give impetus to the socio-economic development of the entire adjacent area. In the Arctic, 67 centres have been selected with a population of 1.8 million, or with the adjacent areas, more than 2.5 million,” he said.
For instance, in order to ensure competitive production in the macroregion, VEB.RF facilitates the implementation of investment projects in the Arctic, reducing risks and increasing investor attraction through various mechanisms: the Project Financing Factory, concessional loans through the Ministry for the Development of the Russian Far East, guarantees and surety bonds.
“Living well in the North is a goal we must strive for. We at VEB.RF will do everything to make this slogan a reality,” said Artyom Dovlatov.
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