The Russian Far East and the Arctic are rich in resources and have huge investment potential. A few days ago, the relevant person in charge of the Ministry of Development of the Russian Far East and the Arctic stated during the Krasnoyarsk Economic Forum that the Russian government will invest 1.6 trillion rubles (about 21.8 billion U.S. dollars) to improve the infrastructure construction of projects in the Arctic region.

At present, there are 642 state-supported projects in the Russian Arctic region, which are expected to create 38,000 jobs, of which 11,000 jobs have been implemented, and nearly 90% of the employees are from the Russian Arctic region.

The development of the Far East has achieved a breakthrough in the economy, agriculture has begun to revive, and about 220 million tons of goods pass through the ports of the Far East every year. The Red Star Shipyard project has been launched, large-scale oil and gas projects are being implemented in Sakhalin and Amur regions, and projects such as the "Power of Siberia" natural gas pipeline and the Vostok launch site are advancing in an orderly manner. A total of 27,000 enterprises have settled in the leapfrog development zone. In the past five years, the economic growth rate of the Far East has exceeded the level of the whole of Russia, of which the growth rate of industrial production is 24% (12% of the whole Russia). The main challenges facing the development of the Far East at present are concentrated in the social field. 1,265 of the 1,700 settlements in the Far Eastern Federal District have no year-round roads. In 11 federal subjects, 10 local tax revenues are lower than the national average, and the budget is seriously insufficient. Keywords: infrastructure, infrastructure construction, planning investment

There is a huge demand for infrastructure in the Far East. The government plans to attract private capital to participate in the construction and implement the "Far East Concession Mechanism", which will promote the construction of infrastructure worth 500 billion rubles (about 6.7 billion U.S. dollars) within five years. In addition, it plans to establish an investment accelerator to boost PPP work. Editor/Xu Shengpeng