Amur Minerals Corporation - Re: AMC Stream Log - Alexander Galushka reported to the...

Alexander Galushka reported to the President of the Russian Federation on the work on the development programs of the Far East Draft federal target program for the development of the Far East will provide the priority investment projects of the federal budget 133 billion rubles, as well as attracting 2.2 trillion rubles of private investors. This was announced by Minister for Development of the Far East Alexander Galushka at the meeting of the Presidential Commission on monitoring the targets of socio-economic development of Russia. "Prepared by the Ministry of the federal target program for the development of the Far East, 30 April, she sent to the Government of the Russian Federation in a given volume of 133 billion rubles, with specific measures to launch these priority projects. 133 billion rubles of budget investments we get 2.2 trillion rubles extra investment" - said A.Galushka. According to him, Minvostokrazvitiya examined more than 400 investment projects in the Far East. "There were selected 23 of the most effective project, 16 of which were - and are most effective, and most are ready for implementation, backed by a particular investor," - said the Minister. He also said that they are preparing proposals for the introduction of preferential mortgage in the Far East. "The main question - is to find the money to subsidize mortgages for the Far East," - said A.Galushka. According to him, provided that the amount of subsidies for mortgages to young families in the Far East will increase from 433 million rubles in 2013 to almost 600 million rubles in 2014.