Inventing the Future

Nine hundred billion for a new life: the development of new regions was discussed at the RUSSIA EXPO

Nine hundred billion for a new life: the development of new regions was discussed at the RUSSIA EXPO
Photo: Evgeny Biyatov/Fotohost-RIA News agency
05.02.2024

About 900 billion rubles have been allocated for the restoration and socio-economic development of our country's new regions. The goal of the program is to achieve average Russian quality of life indicators by 2030.

The large-scale construction and reconstruction work deployed in the new regions of our country were discussed at a round table within the framework of the National Achievements Forum. The discussion was moderated by Valery Leonov, Deputy Minister of Construction, Housing and Utilities of Russia.

Magomed Tsechoev, Director of the Department for Coordination of Socio-Economic Development of Regions of the Ministry of Construction, Housing and Utilities of Russia, reminded that the state program "Restoration and Socio-Economic Development of the Donetsk People's Republic, Lugansk People's Republic, Zaporozhye region and Kherson region" was adopted to accelerate reconstruction work in the new regions and to develop infrastructure on their territory.

Photo: Kirill Zykov/Fotohost-RIA News agency

"The state program, approved at the end of last year by the Russian Government Resolution No. 2255, includes a large number of activities. The program allocates about 900 billion rubles for their implementation. The goal of this program is to overcome the socio-economic lag of new regions, to achieve the level of average Russian indicators of the quality of life of Russian citizens, socio-economic development in general, as well as the creation of a favorable investment climate by 2030," said Magomed Tsechoev.

Ilshat Shagiakhmetov, Director General of the Territory Development Fund PLC, spoke about the Fund's activities on the development of free economic zones in new regions.

"We have a noble goal, and at the center of our goal is a person. The task set by Russian President Vladimir Vladimirovich Putin is very specific. By 2030, the standard of living in the new regions should reach the Russian average. The Territory Development Fund as the management company of the free economic zone is entrusted with a number of functions. Among them are investment attraction and infrastructure development. All this work is aimed at ensuring sustainable socio-economic development of the new entities, improving the level and quality of life of residents," said Ilshat Shagiakhmetov.

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