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70 large investment projects valued at 50 billion rubles are implemented in Kuban in 2021

Eventually, the region will see more than 4.5 thousand workplaces. Veniamin Kondratyev, Governor of Krasnodar region, commented on the status of business environment and investment activity in Kuban to journalists of information agency «Interfax».

Large projects worth more than 100 million rubles each are implemented in priority sectors of regional economy: industry, agro-industrial complex, transportation and health resort sphere, as reported in the Press-Service of the Administration of Krasnodar region.

Among them are to launch the sixth line of Abinsk metallurgical plant. A long product rolling mill will emerge at the enterprise. It is planned to complete the reconstruction of grain terminal in the port of Novorossiysk and to build a fruit storage in Abinsk region.  

– Generally, this year the investors plan to complete 70 large projects. The investments into the economy of Krasnodar region will make 50 billion rubles. However, first and foremost are new workplaces. Due to the establishment of new productions and enterprises, around 4.5 thousand residents of the region will be provided with sustainable employment and wages, as noted the Governor.     

The Chief of the region underscored that following the results of 2021 the volume of investments to the region will make around 480 billion rubles. According to the forecasts, next year the figure will increase up to 510 billion rubles. The currently applicable public support measures for business communities impact, inter alia, the index growth. In particular, tax exemptions for residents of industrial parks and investors implementing projects in priority sectors of economy are envisaged. Since this year business communities would be able to claim cost compensation during the construction of engineering infrastructure facilities.