14 December 2017

A SYSTEM OF CHECKPOINTS ESTABLISHED BY PRIVATE INVESTORS TO BE INTRODUCED IN THE FAR EAST — PRESIDENTIAL PLENIPOTENTIARY ENVOY TO THE FAR EASTERN FEDERAL DISTRICT YURY TRUTNEV

Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev has said that a system of checkpoints established by private investors would be introduced in the Far East, and the state would be paying them back within a certain time.

Previously, Prime Minister Dmitry Medvedev had said at a government commission meeting that the work to establish and reconstruct checkpoints in the Far East was taking too long.

“Many, if not the majority of checkpoints, that must be built, are located in Primorye Territory. We need to understand who is responsible and what bottlenecks we need to address. We have set deadlines for each and identified the needs. We are planning to open the Pogranichny checkpoint late next year. The situation is more complicated with the rest of them. We have been considering another financing option. When private investors interested in building checkpoints undertake to finance construction and then transfer the checkpoint to the ownership of the state, and then the state pays for it within a certain period”, Trutnev told reporters in Vladivostok.

According to him, examples of such a scheme should be considered from the perspective of recovering investments.

“I asked the secretariat to take this bill under its control in order to complete the work in the near future”, Trutnev added.

He said that Russian Railways enjoyed a significant volume of traffic “and some of the profits should be invested in developing the infrastructure, including checkpoints.”

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