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‘South Yakutia’ Advanced Socio-Economic Development Zone will create 2640 jobs

  • Published in Economy
Aleksey Struchkov2

On the economic effect of Advanced Socio-Economic Development Zone in Neryungri area - First Deputy Chairman of government, Minister of Economy of the Republic Aleksey Struchkov.

Resolution on the creation of ‘South Yakutia’ Advanced Socio-Economic Development Zone was adopted by the Russian government in December 2016.

What activities the newly created zone is focused on?

Aleksey Struchikov: The main specialization of ‘South Yakutia’ - extraction and processing of coking coal in Neryungri area for delivery to the Russian market and the Asia-Pacific region. In addition, the Resolution identified 33 types of economic activity, the implementation of which requires special legal regime for ‘South Yakutia’ Socio-Economic Development Zone.

What economic effect the republic will receive from these projects?

Creating ‘South Yakutia’ Socio-Economic Development Zone will ensure the creation of at least 2,640 jobs and attract 19.45 billion rubles of private investments, of which 18.32 billion rubles fall on ‘Kolmar’ Group of companies.

Total revenues to the consolidated budget from taxes and fees (including tax breaks) for the period from 2016 to 2025 will amount to 12.85 billion rubles. The contribution of the projects implemented in the framework ‘South Yakutia’ to gross regional product of Sakha Republic (Yakutia) will amount to 254.7 billion rubles.

It is worth noting that the infrastructure has been already established that provides the work of coal industry. In 2015, the railway line was commissioned included in the Federal Target Program "Development of Transport System of Russia (2010-2020)." Last year was put into operation the substation with capacity of 110 kV "Inaglinsky coal complex," built under the state program for the development of the Far East and the Baikal region.

How do you assess the prospects of development of the project?

It is planned that the sites of ‘South Yakutia’ in the future will become bases for the development of gold deposits located in Central Aldan, Upper Timton, Upper Tokko, Nuyamo-Alga industrial and raw material nodes. Potential estimation of gold reserves explored here is more than 304.1 billion rubles.

There are plans to develop iron ore deposits of Aldan iron ore province with the potential of 18.9 billion tons. The average content of useful elements on the 14 explored deposits is from 30% to 45.8%.

Promising is Seligdar apatite deposit, the largest in the Far East. Its balance reserves are estimated at 1.4 billion tons of apatite, 1.2 billion tons of fluorine, about 1.3 billion tons of rare earth metals.

Overall, in South Yakutia there are twelve industrial and raw material nodes, consisting of major proven reserves of solid fuels, non-ferrous and precious metals, radioactive elements, apatite, graphite and phlogopite.

TOSER Yyjnaya Yakutia