Russian govt to allocate over 850 mln rubles to finance development of industrial parks and techno parks in regions

MOSCOW. June 2 (Interfax) - The Russian government will allocate nearly 860 million rubles this year to finance the development of industrial parks and techno parks in a number of regions.

"The Republics of Bashkortostan and Tatarstan as well as the city of Moscow will receive additional funding in 2025 to compensate for costs associated with implementing projects to develop industrial parks and techno parks. A directive to this effect has been signed," the government's press service said.

In particular, over 520 million rubles will be allocated for implementing projects at the Laishevo industrial park and the Innopark advanced techno park in Tatarstan. Subsidies will also be increased for developing the Ufimsky industrial park in Bashkortostan and Rudnevo in Moscow, with over 219 million rubles and more than 127 million rubles, respectively, to be provided to these regions for these purposes.

"The subsidies will allow the parks' management companies to partially reimburse costs for design, construction or modernization of industrial infrastructure facilities, for the purchase of equipment and for the technological connection of industrial buildings to utility networks," it said.

The mechanism for state support of infrastructure development for industrial parks, techno parks and special economic zones was launched in 2014. Regions receive federal funding based on a selection process conducted by the Industry and Trade Ministry. To receive funding for development, projects in the aviation industry, automotive manufacturing, light industry, oil and gas and power engineering, children's goods production, the machine tool industry and more than 30 other fields must be implemented at these sites.