The head of the Ministry of the Russian Federation for the Development of the Far East and the Arctic (Ministry for the Development of the Far East) Alexei Chekunkov said that at the first stage, 100 billion rubles would be required to create the city of Sputnik. This was reported by RIA Novosti.
“We estimate the first stage at a million square meters and about 100 billion rubles, but this is a rather rough figure,” Chekunkov said at the Eastern Economic Forum (EEF).
According to him, the agreement provides for a larger-scale project of 2.8 million square meters. But it will be implemented in parts, the statesman added.
The infrastructure of Sputnik will take 15 percent of the total investment, namely 15 billion rubles. They will be allocated by the state.
On August 31, Chekunkov spoke about plans to create in the region a city with a population of more than one million people by uniting Vladivostok (600 thousand people), the city of Artem (100 thousand people) and a new satellite city, which will attract 300 thousand people.