CPMI Projects Will Contribute to the Economic Development of the Far East Region

22 november 2019

Roads, bridges, seaports, transport hubs, airports — Vladislav Onishchenko, the Head of Analytical Center, told at the Russia Calling Investment Forum how the projects implemented in the Far East as part of the Comprehensive Plan for Modernization and Expansion of Main Transportation Infrastructure (CPMI) would contribute to the development of the region.

"The implementation of these projects will promote the Far East region as the "eastern gate" of Russia contributing to both the development of export-oriented sectors and further integration of the region into international trade," Mr. Onishchenko said.

However, the expert believes that the infrastructure provides only the basis for the system functioning and it cannot replace the system itself. He stressed that the transport accessibility of the territories, created as part of the CPMI projects, was a condition for their further development, but this development would depend on joint efforts to be exerted by local authorities and business communities.

In addition to the projects that are being implemented, there are some ambitious ideas that are still on the "waiting list". The example is the construction of the Selikhin–Nysh railway line including the crossing of the Nevelsky Strait. The project will both provide the locals with a stable year-round transport connection with the mainland and give an additional impetus to the economic development of the north part of the Khabarovsk Territory. "A decision on this project will be made when the project’s economic data and potential beneficiaries become more clearer. On the one hand it is obvious that the bridge would be helpful, but, on the other hand, such justification is not enough to invest billions of budget funds in this construction project," said Onishchenko

The expert recalled that the Baikal-Amur Mainline was built for the development of natural resources of the Far East region, and now this task still remains relevant. "Now the Baikal-Amur Mainline is operated to bring mineral resources from other regions of the country to Far Eastern ports. However, the transshipment of imported raw materials alone cannot create enough momentum for the development of the region," he said.

Mr. Onishchenko summed up that the "waiting list" was open for the new projects that would transform a business idea to its implementation within the framework of the Comprehensive Plan.