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The key for investment: Yakutia will launch a project financing factory

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Yakutia, Vnesheconombank (VEB) and the Agency for Strategic Initiatives (ASI) on February 15 signed a memorandum on the margins of the Russian Investment Forum in Sochi, within the framework of which a new tool for long-term investment will be created in the republic – a project financing factory.

The memorandum includes an item on the assistance in the formation of the institution of regional managers of Vnesheconombank in Yakutia, the main task of whom is to search for and select projects for the so-called project financing factory.

According to the document, in order to increase the efficiency of investment activities in Yakutia, it is planned to formulate a list of projects, the implementation of which will have a multiplier effect on the development and diversification of the economy of the republic the parties will cooperate in implementing projects aimed, among other things, at the development of priority industries and infrastructure that provides growth economy of the region.

Within the framework of the memorandum, it is planned to implement projects on the basis of existing design solutions, business models of standard projects and standards in the field of project management developed by VEB.

The parties plan to cooperate in the preparation, formation and organization of financing of investment projects aimed at the development of the republic and its territories, the press service of the head and government of the Republic of Sakha (Yakutia) reports.

Prime Minister Evgeny Chekin stressed that the memorandum is of great strategic importance for the northern republic and is intended to improve the investment climate, to help create conditions for sustainable economic growth and integrated development of the republic.

The head of the ASI, Svetlana Chupsheva, noted that the memorandum provides for joint assessment of the effectiveness of regional support measures taking into account the indicators and methodology on the basis of the National Rating.