4 Sep 2018 11:20

PM signs resolution to expand Nadezhdinskaya PDA in Primorye for new projects

VLADIVOSTOK. Sept 4 (Interfax) - Russian Prime Minister Dmitry Medvedev has signed a resolution on the expansion of the Nadezhdinskaya priority development area (PDA) in Primorye, a statement posted on the Cabinet's website said.

Under the resolution, seven parcels of land located in Primorye have been included within the boundaries of the Nadezhdinskaya PDA.

These properties will be used to implement investment projects to build a concrete, asphalt concrete and concrete products production complex; a complex to manufacture and assemble boiler and associated equipment; an enterprise to manufacture thermal insulation, water pipes and fire suppression pipeline systems; a greenhouse complex to grow vegetables; a fish processing plant; enterprises to produce food products (sauces, ketchup, mustard and jam); household chemicals and cosmetics production enterprises; and a logistics complex, the document said.

The expansion of the Nadezhdinskaya PDA is expected to create about 800 jobs and attract more than 3.87 billion rubles of private investment.

It was reported earlier that Federal Grid Company UES (FGC) , a division of the Rosseti Group , will invest 2.3 billion rubles in arranging power supply to residents of the Nadezhdinskaya PDA.

Nadezhdinskaya PDA is a diversified manufacturing and logistics center located 32 km from Vladivostok, in the Nadezhdinsky district of Primorye. It is the first priority development area in the region, created by a Russian government order dated June 25, 2015.

The main advantage of the Nadezhdinskaya PDA is its unique geographical location, as it is close to two of the largest ports in Russia's Far East and border crossings to China and North Korea, at the crossroads of several transport routes: the Vladivostok-Khabarovsk highway, the Trans-Siberian Railway and the Primorye-1 international transport corridor to China.