The roadmap for achieving the growth rate of investments in fixed assets has been approved

At a working meeting between the Governor of St. Petersburg, Alexander Beglov, and members of the city government, a list of measures was approved to achieve the growth rate of physical investment in fixed assets in St. Petersburg.
The draft roadmap was developed in accordance with the methodology of the Ministry of Economic Development. When calculating the indicator, the level of 2020 is taken as the basis.
"Meeting the target set by the Presidential Decree for the growth rate of investments in fixed assets is one of the main areas of our work. In recent years, there has been high investment activity in St. Petersburg. We are opening new businesses. The existing production facilities are being modernized. Large infrastructure facilities are being introduced," Alexander Beglov noted.
The city reached its planned values in the period from 2021 to 2024. In the past, St. Petersburg set an absolute record for investments in fixed assets – 1 trillion 529 billion rubles. This is 10.5% more than a year earlier.
The new roadmap aims to continuously increase investment growth rates. This year, the index of physical volume of investments in fixed assets should reach 125.3% in relation to 2020, and further it is necessary to ensure a positive trend up to 165% in 2030. By 2030, the total volume of investments in the city's economy should reach 10 trillion rubles.
To achieve these indicators, the roadmap includes measures to promote the investment potential of the city, improve the regional regulatory framework aimed at developing investment attraction mechanisms and reducing administrative barriers, as well as improving the quality of reporting provided to Petrostat. In total, the new roadmap provides for 66 measures to support investment activities.
The implementation of megaprojects is highlighted in a separate subsection in the roadmap. St. Petersburg is developing as a megalopolis of the 21st century together with reliable investor partners. The construction of such priority facilities as the Latitudinal High-speed Highway, the year-round seaside resort St. Petersburg Marina, and the second stage of Pulkovo Airport allows increasing the capacity of transport hubs and the tourist attractiveness of St. Petersburg.
According to Ivan Skladchikov, Chairman of the Investment Committee, in order to achieve the necessary growth rates of investments and tax revenues to the city budget, the Committee is working to increase the number of projects of primary importance to St. Petersburg: strategic investment projects, projects implemented through the mechanism of public-private partnership, as well as various investment projects in industry, logistics, transport, social sphere, tourism and culture.
Thus, the Committee's support of such major investment projects as the Western High-Speed Diameter, the Slavyanka tram line, and the ITMO Highpark scientific, educational, and innovation center is included in the list of events.
"The roadmap also provides for the further development of the Regional Investment Standard. We will continue to encourage investors who make a significant contribution to the city's economy. The number of nominees for the honorary badge "Investor of the Year" is growing. This shows the importance of our city award. We have an ambitious task ahead of us - to develop St. Petersburg as a metropolis of the 21st century. We will continue to solve it together with our investor partners," Alexander Beglov summed up.