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    A hotel on the shores of the Kandalaksha Bay will be built by a resident of the Russian Arctic

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    Avrora, which has become the 500th resident of the Russian Arctic zone (AZRF), plans to build a tourist complex in the Arctic. The corresponding agreement was signed as part of the business program of the Arctic Investor Day in Monchegorsk.

    The project cost is estimated at 15 million rubles. The complex will appear on the shores of the Kandalaksha Bay. It will include five guest modular comfortable double houses with recreation areas, saunas and picnic terraces. The paths laid on the territory form a common pedestrian route.

    It is expected that the complex will be visited by up to 3 thousand guests every year. The project should be launched in 2025.

    Tatyana Russkova, Minister of Arctic Development and Economy of the Murmansk Region, said that over the two years of the preferential regime of the Russian Arctic zone in the Murmansk Region, entrepreneurs have invested more than 16 billion rubles. 172 residents are implementing their projects. In total, residents of the Russian Arctic invested 45.7 billion rubles in projects and created more than 4 thousand jobs, writes IA “B-port” .

    Earlier, the Russian government decided to expand the program to support private investment in the Arctic and the Far East. Now you can apply for a soft loan for a project that will provide at least 250 jobs, with the obligatory condition to complete it on schedule.

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