Two new residents of Free Port of Vladivostok to invest RUB 25 bln (photo)
Two agreements on activities within the Free Port of Vladivostok were signed between the FPV residents and the Far East Development Corporation (FEDC JSC) on March 23, 2016 in Vladivostok. The projects – transport & logistic complex UNION and production & logistic zone Aviapolis Yankovsky - provide for construction of 68,500 scuare metres of A-class storage facilities and a container terminal. Total investments under the agreements are estimated at RUB 25 bln, the Corporation says.
Aviapolis Yankovsky LLC is represented by Director General Konstantin Bogdanenko, DUK Avesta ДДС – by Director General Sergei Nadymov, FEDC JSC – by Director General Denis Tikhonov.
“Logistics – is a traditional business of the Primorsky Territory due to its location and vast opportunities for cooperation with the APR countries. A-class storage facilities are in high demand in the Primorsky Territory”, said Denis Tikhonov.
The 3rd meeting of the Supervisory Board of the Free Port of Vladivostok chaired by Deputy Prime Minister Yury Trutnev, Presidential Plenipotentiary Envoy to the Far Eastern Federal District, will be held this week. The decisions will be made on other potential residents.
As of today the Corporation has received 55 applications from potential residents for total amount of over RUB 124.8 bln. More than 5,000 jobs are to be generated under those projects.
Federal Law of the Russian Federation (No 212-FZ) "On the Free Port of Vladivostok", came into force on October 12, 2015. Free Port regime provides for a wide range of preferences and tax benefits.
To acquire a status of FPV resident a company must be incorporated within the territory of Vladivostok Free Port and invest at least RUB 5 mln within 3 years.
Far East Development Corporation JV was defined by RF Government as a company to manage Priority Socio-Economic Development Areas (PDAs) and the Free Port of Vladivostok, 100% of which is held by the Russian Government.
Related link:
First residents of Free Port of Vladivostok to invest RUB 1.334 bln into economic development of Russia’s Far East (photo) >>>>
