THE GOVERNMENT OF THE RUSSIAN FEDERATION HAS APPROVED THE PROCEDURE FOR TRANSFERRING STATE AND MUNICIPAL PROPERTY TO RESIDENTS OF THE PDA
DecreeNo. 849 of June 24, 2024
Residents of the Priority Development Area (PDA) will be able to lease or acquire state and municipal property without a tender process and use it to implement investment projects. The decree on the procedure for transferring such property was signed by the Prime Minister of the Russian Federation, Mikhail Mishustin.
This concerns the machinery and equipment of enterprises located within the boundaries of the PDA. Currently, this property belongs to the state, regions, or municipalities. Now it can be transferred to PDA management companies and then leased to residents for use in implementing investment projects. After fulfilling their investment obligations, residents will be able to purchase this property and obtain ownership without a tender process.
A similar procedure applies to the transfer of real estate to PDA management companies and residents. A federal law enabling the extension of this practice to other property necessary for the functioning of PDA and supporting the activities of residents was adopted in February 2024. The decree has been prepared for its implementation.
The signed document introduces amendments to the Government Decree No. 390 of April 24, 2015.