Digital Primorye, a smart city solution provider launched by the Far East High Technology Fund (FEHTF) and VessoLink Group, is working on some 30 projects to develop digital services and high tech systems in such sectors as transport, public utilities, education, health care, and more..
These projects are taking shape in Primorye, a Far Eastern Russian region that borders North Korea and China. More than 30 such services are expected to start operation by April 2022.
A public-private partnership was agreed in April 12, 2021 between Digital Primorye, the government of the Primorsky region and the city administrations of Vladivostok, Artyom, Nakhodka and Ussuriysk.
The FEHTF subsequenttly injected 200 million rubles ($2.75 million at the current exchange rate) into Digital Primorye. These funds will be allocated to the integration of information systems. An online portal and a resident card will be developed for the region’s residents, aiming to digitize the provision of public services and facilitate residents’ participation in local decisions. Smart traffic lights and heated bus stops are also under plans.
“Over the term of the concession agreement (12 years), investments amount to more than 5 billion rubles (nearly $69 million), including funding from the FEHTF, private investment and bank loans,” said the FEHTF.
This fund was established in 2018 as instructed by President Vladimir Putin and his Plenipotentiary Envoy to the Far Eastern Federal District, Yuri Trutnev. With a capital of 5 billion rubles (brought in by state-owned VEB.DV, Rusnano and RVC), the fund already invested some 1 billion rubles as of April 2021. Its portfolio includes both companies based in the Russian Far East (Hotlead, Visitech, Digital Primorye) and companies that are localizing to the region (Promobot, Cinemood, Motorica, Titan Power Solutions).
Source: FEHTF
