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Large investment projects amounting to 2.5 trillion roubles to be implemented in the Krasnodar Krai

Vice Governor Alexander Ruppel talked about the investment activities in the region.

Today the Krasnodar Krai takes 7th place in Russia regarding the volume of investments and remains a stable leader in the Southern Federal District in this area. 40% of the largest projects in Southern Russia, both in quantity and in cost, are implemented in Kuban.

«Over the first quarter of the year, we attracted 96 billion roubles to the economy of the Krasnodar Krai, and this has been the biggest figure since 2014. The total sum for six months amounted to 227 billion roubles, which makes up 2.3% of all investments in Russia. Still, we are expecting even more investments in the fourth quarter,» said Alexander Ruppel.

Vice Governor noted that Novorossiysk, Slavyansk District, Leningradskaya District and Bryukhovetskaya District are among the most active municipal councils that support and help with the implementation of investment projects. Ust-Labinsk, Abinsk and Temryuk District always show great results as well.

«Now there are about 450 large investment projects being implemented in our region. The cost of each is over 100 million roubles, and the total amount is more than 2.5 trillion roubles, which is an all-time record for the Krasnodar Krai. All these projects must be completed, and specialized authorities and municipal councils must pay attention to them,» said Alexander Ruppel.

He also noted that the Krasnodar Krai was planning to attract at least 543 billion roubles to its economy by the end of 2022.

Press service of the Krasnodar Krai Administration