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Investment in Yakutia Arctic is estimated at 360 billion rubles

  • Published in Economy
Yakut Arctic
The development of industrial projects in the Arctic zone of Yakutia requires investments in the amount of about 360 billion rubles, Deputy Chairman of the Government of Yakutia Denis Belozerov told TASS on the margins of the ‘Arctic: Present and Future’ forum.

“In principle, the projects for the creation of the North-Yakutia support zone, 'Arctic' Priority Social and Economic Development Zone, are being designed. It is planned to create both investment and anchor projects. Work is underway in Oymyakon, Ust-Yansky districts of the republic. About 360 billion rubles of investments are required for the development of deposits,” he said.

Denis Belozerov added that today the development of the Verkhne-Munsky diamond deposit of the ALROSA company in Olenek district of Yakutia is already underway. The field is located in Olenek district of the republic, 170 km from the Udachny Mining and Processing Division of ALROSA. Four kimberlite pipes have been explored here: Zapolyarnaya, Deimos, Novinka, and Komsomolskaya Magnitnaya. According to ALROSA, ore reserves at the Verkhne-Munsky kimberlite field are estimated at 65 million tons with an average grade of about 0.6 carats per ton, or totally 38 million carats.

The formation of the North-Yakutia support zone is a pilot project; its experience subsequently is planned to extend to the entire territory of the Arctic zone. In this case, emphasis will be focused on the development of transport infrastructure. It is mostly formed around the Northern Sea Route and navigable rivers of the Lena River basin. The program provides for the reconstruction of ports, the creation of a high-tech Zhatai Shipyard, the construction of river vessels of various types and purposes, as well as the construction of river-sea vessels.

In addition, it is planned to reconstruct airports of regional and local significance (Chersky, Chokurdakh, Tiksi, Deputatsky).

The Arctic: Present and Future Forum, organized by the Association of Polar Explorers, takes place in St. Petersburg December 5-7. Its participants discuss issues of protecting the northern environment, developing infrastructure projects, protecting the rights of indigenous peoples, youth policy in the Arctic, and personnel training. About 2 thousand people from the Arctic regions of Russia and more than 20 other countries, including all countries participating in the Arctic Council, take part in the forum.