Far East | Finance, business

RFs $177m 2009 S. Yakutia investment posted

15 Dec '09
The RF Investment Fund has allocated $177m this year for industrial projects and related infrastructure in South Yakutia, Yakutia regional officials report.

Most investment has been reportedly put into construction of the Kankunskaya hydroelectric power station, the Elkonsky ore mining company, and into infrastructure for the areas 270km railroad that connects the regions main coal, metallurgic, and ore-mining complexes.

According to the officials, five industrial clusters are being planned for South Yakutia, including energy, petrochemical, nuclear, coal, and metallurgic ones. The cost of the project was estimated in 2007 to be around $14bn, including $3.8bn from the RF and $10.2bn in private investment from such companies as nuclear Rosatom, generating RusHydro, gas holding Gazprom, uramium producer Atomredmetzoloto, diamond-mining ALROSA, and others.
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