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Arctic Capital TOR Territory of Advanced Development

Company

Owners

+ Administration of the city of Murmansk


The territory of advanced development "Capital of the Arctic" is the first Arctic territory of advanced socio-economic development with preferences operating in the Far East.

2020

Acting Prime Minister Andrei Belousov signed a government decree in May 2020 on the creation of a territory of advanced development (TOR) "Capital of the Arctic" in Murmansk.

TOR "Capital of the Arctic" will be located on the section of the municipality "Kola district" and the urban district "City of Murmansk" of the Murmansk region. The minimum amount of capital investments of TOR residents is 500 thousand rubles.

The TOR has a free customs zone established by the law of the Eurasian Economic Union (EAEU) and the legislation of Russia.

2019

Deputy Prime Minister Yuri Trutnev in December 2019 instructed to prepare a draft government decree on the creation of a TOR in the Murmansk region for the construction of the Center for Large-Tonnage Marine Structures (CCMS). Investments in the project will amount to 120 billion rubles. 15 thousand jobs will be created in the CCMS.

The NOVATEK project for the construction of TsKMS near Murmansk began to be implemented in 2015. TsKMS will be engaged in the production, storage and shipment of liquefied natural gas (LNG), as well as the repair and maintenance of equipment for Arctic hydrocarbon fields.