Over a trillion rubles to be invested in creating new resorts on 5 seas in Russia

MOSCOW. Nov 8 (Interfax) - Proposals for creating ten investment projects in seven Russian regions have been developed as part of a plan to establish new resorts on the Baltic, Black, and Caspian seas, as well as the Sea of Azov and the Sea of Japan, and the amount of investment will reach more than a trillion rubles, Russian Deputy Prime Minister Dmitry Chernyshenko said.

"At this time, proposals for ten investment projects to create such resorts in seven Russian regions have been developed. The amount of investment, according to forecasts, will reach more than a trillion rubles. These are predominantly extra-budgetary funds. Over 61,000 new jobs will be created. The multiplier under these projects is over ten rubles of extra-budgetary investment for every invested ruble of federal funds," Chernyshenko's press service quoted him as saying at a meeting dedicated to the Five Seas and Lake Baikal project.

Four of these projects are located in Russia's south, the press service said. They are Primorsk in the Zaporozhye region on the Sea of Azov, Golden Sands, including the Family Resorts - Crimean Riviera project, in the Republic of Crimea on the Black Sea, and the New Anapa mega project in Krasnodar Territory.