In 2018, the Far East Development Fund invested RUB 10.8 bln in the top-priority investment projects. Over its entire history (since 2015), the Fund has invested RUB 33 bln. 14 investment projects worth of RUB 215 bln in total are currently in the active implementation phase.
Investment structure by industry: 51% – infrastructure, 19% – agriculture, 13% – SME, 11% – mining.
Investment geography: Sakhalin Region (29%), Primorye Territory (22%), Yakutia (12%), Khabarovsk Territory (10%), Amur Region (10%), Jewish Autonomous Region (10%).
The Fund has successfully implemented the support programme for small and medium enterprise (SME). Jointly with major banks, the Fund has invested 646 projects worth of RUB 14 bln in total. The cost of financing for borrowers has been reduced by 1.5 times, the maturities have been increased up to 10 years.
A joint Russia – Japan platform has been established in cooperation with FEIA and JBIC. 8 agreements have been made with Japanese companies to implement projects in the Primorye Territory, Khabarovsk Territory, and Republic of Sakha (Yakutia).
As of February 2019, FEDF assets amount to RUB 49 bln. In 2019, FEDF will invest around RUB 18 bln in top-priority projects.
In the second half of the year, construction of the first railway bridge between Russia and China (Nizhneleninskoye – Tongjiang) will be completed and a new passenger terminal in the Khabarovsk Airport and the first apartments for the employees of Zvezda Shipbuilding Complex will be commissioned.
11 new investment projects worth of RUB 623 bln are currently under review, the initiators have submitted applications for soft financing in the amount of RUB 45 bln to FEDF. The Fund is considering the option of taking part in such major projects as construction of the Nakhodka Fertilizer Plant, development of Malmyzh copper field, and expansion of Inaglinsky Mining and Processing Plant’s capacity.
FEDF will consider the option of taking part in a number of projects in the Republic of Buryatia, Zabaikalsky Territory, Kamchatka Territory, Magadan Region, and Chukotka. In the meantime, the Fund is planning to increase the share of direct investments in total financing (currently, funds are extended to project initiators predominantly in the form of soft loans). This is the most popular vehicle in the market ensuring the highest multiplier for private investment mobilisation.