New advanced social and economic development zones have been established in the single-industry cities of Zelenodolsk, Nizhnekamsk, and Chistopol

25 December 2017, Monday

Under the Decrees of the Government of the Russian Federation of 22 December 2017, it was decided to establish advanced social and economic development zones (hereinafter - ASED zones) in the single-industry cities of Nizhnekamsk, Zelenodolsk, and Chistopol, in the framework of collaboration of the Ministry of Economy of the Republic of Tatarstan and local authorities of the Nizhnekamsk, Zelenodolsk, and Chistopol municipal districts, in order to reduce the mono-dependence.

In total, it is expected that the status of an ASED zone will enable the single-industry cities of Zelenodolsk, Nizhnekamsk, and Chistopol to create, at least, 7,000 permanent new jobs over 10 years, attract at least 76 ASED zone residents, with investments reaching 23.7 billion rubles, including capital investments (without VAT) of 19 billion rubles.

 

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