Siberia: Sleeping Resource Giant About to Awaken

19 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>Siberia: Sleeping Resource Giant About to Awaken</h1><p>May 19 (EIRNS) -- "We've got rich reserves of just about the whole periodic table," Alexander Khloponin, governor of Siberia's Krasnoyarsk region, told the <em>Financial Times</em> May 18.</p><p>In what some are calling the "new industrialization," Khloponin told a conference in Krasnoyarsk in February that more than 300 investment projects totaling $400 billion were planned for Russia by 2015-2020-- two-thirds of it destined for east of the Urals.</p><p>But the ability to realize these depends on state investment in infrastructure. Khloponin warned that those projects could not succeed without massive state infrastructure investment--in road and rail links, airports, housing, services--estimated at $150 billion. These are vital, Khloponin said, to attract new settlers and reverse a declining Siberian population.</p><p>Sergei Ivanov, the First Deputy Prime Minister and premier Presidential candidate was in agreement. "You need capital investment, for example in transport infrastructure," Ivanov told the <em>Financial Times</em> . "If there isn't mobility of the population and the labor market there will be no [industrial] diversification."</p></div></body>