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Fund for Regional Development of the Republic of Buryatia

 

Fund for Regional Development of the Republic of Buryatia is authorized by the Government of the Republic of Buryatia organization in the implementation of public investment policies aimed at attracting investments into the national economy, to create favorable conditions for investors and business activities, reducing administrative barriers.

The main objectives of the Fund:

- Development and promotion of investment proposals Republic of Buryatia; 

- Attracting investors for projects in the territory of the Republic; 

- The creation of favorable conditions for investors on the basis of project support in the form of a "single window".

Formation and promotion of investment proposals made by the Republic of Buryatia main areas of socio-economic development of the Republic of Buryatia:

- Agroindustrial complex

- Mineral resourses complex

- Tourism and recreation complex

- Industry

- Housing

In order to reduce the administrative barriers in investment activity, by FRD RB are concluded the agreements on information exchange and interaction with the central and local authorities of the Republic of Buryatia.

In order to provide the investors with the necessary financial resources by FRD RB established the relationships with investment institutions: Russian Direct Investment Fund, Russian Venture Company, Fund for infrastructure investments of RVC, Fund for Development of the Far East and the Baikal region, Center for Development of public and private partnership, Agency for Strategic Initiatives, with the organizing committee of the contest "Regions - sustainable development" on the operational information exchange in order to monitor the passage of applications from the Republic of Buryatia.

To work with the investors on the basis of FRD RB created Institute project managers. To create the favorable conditions for the investors, by project managers carried the support of the investment project in "One window" format, i.e. for the investor provided a solution of all questions of interaction with organizations, institutions and agencies, starting with the preparation of documents for the land and ending with the issuance of a building permit. Each project manager works on one of the priorities of socio-economic development of the Republic of Buryatia.

Fund for Regional Development of the Republic of Buryatia provides support

for investment projects and assists in the following tasks:

  • Establishment of the legal entity at the territiory of the Republic of Buryatia
  • Formation and providing of the land lot
  • Obtaining of engineering specifications for connection
  • to utility networks
  • Obtaining of a building license and commissioning
  • Assistance in carrying out state expertise of design and estimates
  • Assistance in preparation of the necessary documents for obtaining state support
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