The federal government has approved the establishment of a special economic zone in the port of Murmansk, Governor Dmitriyenko confirmed after meetings in Moscow this week.
The development of the zone will be made in three phases, which eventually will boost the port’s trade turnover to more than 100 million tons by year 2025, a press release from the regional government reads. The plans includes the construction of a railway to the western side of the Kola Bay.
-This is a very important decision made by the federal government, Dmitriyenko underlines. –It will give a serious new development impulse for Murmansk Oblast, he adds.
The development of the port zone is estimated to create about 3000 new jobs, stimulate investor conditions and boost regional tax revenues to more than 40 billion RUB, the governor says.
