Resolution No 849 of September 26, 2013
The document has been submitted by the Ministry of Economic Development. The resolution has been drafted in response to the presidential instruction and provides for an increase in funding for the construction of infrastructure facilities in the special port economic zone in the Ulyanovsk Region (hereinafter referred to as the “SPEZ”).
Additional funding for building the SPEZ infrastructure is needed to support the activities of the companies that are interested in obtaining a resident status.
According to the signed document, the budget allocated for these purposes will increase from 1.047 billion roubles provided by Government Resolution No 1163 On Creating a Special Port Economic Zone in the Ulyanovsk Region of December 30, 2009 to 10.933 billion roubles. The amount of funding from the federal budget will increase from 762 million roubles to 6.953 billion roubles and from the budget of the Ulyanovsk Region from 375 million roubles to 3.98 billion roubles.
The proposed measures will create favourable conditions for developing the SPEZ, attracting investment, developing high-tech industries, and creating new jobs.