Investment in Aldan industrial cluster in Yakutia may exceed 0.5 trln rubles - deputy Russian PM

YAKUTSK. Sept 4 (Interfax) - Yakutia and the Far East and the Arctic Development Corporation (FEDC) will jointly implement the Aldan industrial cluster project, with investment in the project estimated at 535.3 billion rubles, the FEDC's press service said.

"The Aldan industrial cluster is a whole set of investment projects. It will provide significant economic growth in the future. The total investment in the project is 535.3 billion rubles, with the creation of over 16,700 jobs in the region planned," the press service quoted Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yury Trutnev as saying.

An agreement on implementing the project was signed on the sidelines of the 2025 Eastern Economic Forum by Yakutia Governor Kirill Bychkov and the general director of the FEDC, Nikolai Zapryagayev.

The project envisions the comprehensive development of industrial infrastructure in the Aldan district of Yakutia, including the construction of main gas and oil pipelines, a 220 kV power transmission line, and automobile and railways with access to the Baikal-Amur Mainline (BAM) and the Trans-Siberian Railway.

The cluster plans to host a uranium mining and metallurgical plant, a mining and metallurgical plant producing hot-briquetted iron, a mineral fertilizer production facility based on the Seligdar apatite deposit and a plant for the production of liquefied natural gas, ammonia and ammonium nitrate.

It is planned that the Aldan cluster will receive the status of a resident of the advanced development territory.

As reported, the Aldan industrial cluster is a set of projects included in the strategy for the socio-economic development of Yakutia until 2032. In addition to the Aldan district, the cluster also extends to the Neryungri district.

The concept of the industrial cluster was developed by the region's Industrial Geology Ministry together with investors and approved by the head of Yakutia in December 2024. It includes projects such as modernizing the Kuranakh gold recovery plant, constructing the Samolazovskoye and Khvoynoye mining complexes based on the eponymous gold deposits and developing the Sivaglinskoye iron ore deposit as well as the Elkon, Tayozhnoye and Seligdar deposits.

The Yakutia authorities said that by the end of 2027, 3 billion rubles will be allocated for geological exploration of the cluster under the Geology - Revival of a Legend federal project.