Investments in Tomsk Region to grow by 11% in 2012

The government of Tomsk Region expect the investment in the region to amount to 100bn rubles at the end of 2012. Before the deflator it is 11% more than in 2011.

"Our key investment focus has traditionally been the oil and gas complex – around 40% annually. Other sectors in total account for 60%. A lot of investment is taking place in the budget-maintained sectors. The Region is building swimming pools and cultural facilities and repairing the nursery schools," said Irina Cherdantseva, head of the Tomsk Region Department of Economy, at a press conference.

She explained that the target for 2011 was 90bn rubles. According to the Department of Economy, the actual investments amounted to 89.4bn rubles, including around 12bn rubles in the INOTomsk'2020 project (creation of a federal center for education, research, and development in Tomsk).

"From the standpoint of investment attractiveness things are going well. There are not many large-scale investment projects like the Seversk Nuclear Power Station (187bn rubles) and if our economic policy – that is investment funds and governmental support – is centered around the five clusters which we have defined, we will be able to successfully implement this project and many other projects."

Irina Cherdantseva also reminded that in 2010 the investments in Tomsk Region totaled 76bn rubles.

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• February
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