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Economy/Business
29 October 2018, 19:26

About 655 investment projects are implemented with another 288 underway in Bashkiria

UFA, 29 October 2018. /Bashinform News Agency, Gulfiya Akulova/ translated by Tatiana Aksyutina/. Currently, about 655 investment projects are being implemented in Bashkortostan with a total amount of 509.4 billion rubles. The municipalities still have 288 investment projects worth 121 billion rubles at the stage of intention. This was announced by Minister of Economic Development of the region Sergey Novikov, speaking at a briefing session in the Government RB on Monday.
Large projects in the field of oil refining, power sector, and housing construction are localized in Ufa and the Ufa region. The city of Salavat has investment objects of chemical and petrochemical production, in some districts of Trans-Urals there are projects of the mining industry, woodworking and construction materials.
According to the speaker, the investment monitoring showed a lack of local bodies effectiveness in supporting investment projects. During the year, out of 255 elaborated projects, only 69 reached an investment stage. The efficiency does not exceed 30%. Four projects are suspended.
In general, in the first half of 2018, the volume of investments in fixed assets from all sources of financing amounted to 82 billion rubles in the full range of organizations. 37 municipalities demonstrate a decrease in non-budgetary investments. The largest decline is recorded in the Nurimanovo, Belokatay, Kigy, Abzelilovo and Baymak districts.
“To increase investment activity, firstly, targeted work with enterprises to ensure the completeness of the statistics of the investments mastered and timely implementation of investment plans should be organized. Secondly, the list of investment sites should be updated and investment proposals should be formed; thirdly, rights to municipal ownership of property not involved in civilian circulation should be registered for its subsequent transfer to the use of potential investors ", Sergey Novikov said.
Radiy Khabirov proposed to create a consultative advisory body - “investment hour” - to increase the volume of investments in the regional economy. The Acting Head of the republic should be submitted reports on specific intentions for the implementation of projects, a status of current projects and issues related to investment projects support.
Author:Gulfiya Akulova