Massive Investment Plans for the Russian Arctic Revealed

MarineLink.com
Tuesday, October 22, 2013
Arctic scene: Photo in public domain

The Russian Federation plans to spend 2 trillion rubles in a sweeping reform and expansion of Arctic programs, reports Arctic info (Russian)

The Ministry of Regional Development of the Russian Federation plans to amend the Government draft state program “Socio-economic development of the Arctic zone of the Russian Federation for the period until 2020” by 1 November, 2013, states the head of the ministry, Igor Slyunyaev, when speaking at the 11th General Assembly of the Northern Forum in Moscow.

According to the minister, the programme will cost 2-trillion Rubles, and the federal budget will provide approximately one-third and more than 1 trillion rubles will be drawn from extra-budgetary sources.



The head of the ministry clarified that the document will be an instrument for the implementation of the strategy for development of the Russian Arctic and national security for the period up to 2020.

 According to the minister, it is expected that as a result of the implementation of the state programme up to 2020, the Arctic macro-region by total volume of gross regional product will grow from 6% to 14%.

It is also planned to remove major infrastructure constraints, ensure qualitative growth and the competitiveness of regional economies through institutional and technological innovations.

Slyunyaev stressed that the implementation of the state programme stipulates increasing productivity of the Arctic 2.5-fold.



At the same time, he said that the priority is to improve the quality of people’s lives and ensure a balance between economic activity and environmental preservation.

Source: Arctic info (Russian)
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

Sovcomflot IPO Soon

The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy

News

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

Sovcomflot IPO Soon

The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy

BEST Sets Container Handling Record

Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST) achieved a new record when it moved 7,760 TEU on the call of MSC Beatrice.

Government Update

First Cruise Company Fined under Australia’s New Fuel Rules

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.

TT Club Welcomes IMO Guidance on SOLAS VGM Amendment

At an International Maritime Organization (IMO) Maritime Safety Committee session in London that culminated on Friday, delegates agreed on guidance and advice to

South Africa arrests Chinese ships for illegal squid fishing

South Africa's navy has detained three Chinese ships with around 100 crew on board on suspicion of illegal squid fishing, officials said on Monday. The ships

Arctic Operations

Life Extension for World’s Oldest Icebreaker

A comprehensive dry docking and life extension plan has been set out for the 62-year-old Finnish icebreaker Voima, continuing its run as the world’s oldest operational icebreaker.

Research Vessel Polarstern Returns to Bremerhaven

Antarctic season ends in the homeport after half a year Bremerhaven / Germany, 11 May 2016. on Wednesday, 11 May 2016, the research vessel Polarstern is expected

ABB Azipods Selected for First Chinese-built Icebreaker

ABB’s Azipod propulsion chosen to power polar science research vessel for debut into Chinese icebreaker market   ABB’s Azipod propulsion system will power a Chinese

Offshore Energy

Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal

Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf,

Aquabotix Debuts Mini Inspection Class ROV - The Endura

Aquabotix, a marine technology company delivering the accessibility of today’s electronics products to underwater ROVs, announces the immediate availability of the Endura.

Subsea 7 Secures EPCI Contract

Subsea 7 S.A. announced it has been awarded an engineering, procurement, construction and installation (EPCI) contract for offshore execution in 2017 and 2018.   The

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1117 sec (9 req/sec)