Spending on priority Arctic projects in Urals district estimated at RUB 1.5 trillion

Expenditures on the implementation of priority projects in the Arctic zone of the Urals Federal District are estimated at RUB 1.5 trillion, or 28% of the cost of all Russian projects in the Arctic, Presidential Plenipotentiary Envoy to the Urals Federal District Igor Kholmanskikh said during a joint meeting with the presidential plenipotentiary representatives in the Siberian and Urals Federal Districts.

The Ministry of Economic Development along with the relevant federal and regional executive authorities and organizations has prepared a portfolio of projects that are being implemented or are planned for implementation in the Arctic zone, he said. Roughly 150 promising projects have been identified with approximately 20 of them selected as priority projects with implementation timeframes running all the way to 2030.

“The total cost of the project is estimated at almost RUB 1.5 trillion, or 28% of the cost of all Russian projects in the Arctic. This suggests that the development Russia’s Arctic zone should become a driver for the Russia’s industrially developed non-Arctic regions”, RIA Novosti quoted Kholmanskikh as saying.

He also noted that the list of projects in the Urals Federal District also includes such projects as the development of liquefied natural gas production in Yamal, the construction of the Sabetta seaport (at a cost of RUB 1 trillion), the construction of the railway of the Northern Latitudinal Route (RUB 244 billion), the establishment of the new private Bovanenkovo–Sabetta railway line (RUB 76 billion) and the construction of a section of the Surgut-Salekhard highway (the Nadym–Salekhard section at a cost of RUB 67 billion).