The cost of priority projects in the Arctic region of the Urals Federal District has been estimated at 1.5 trillion rubles. This is 28 percent of the cost of all Russian projects in the Arctic, Plenipotentiary Presidential Envoy to the Urals Federal District Igor Kholmanskikh said at a meeting with his Siberian counterpart.

He said that the Economic Development Ministry, working jointly with the concerned federal and regional authorities and organizations, have prepared a portfolio of Arctic projects that are either underway or will be implemented in the future. So far the portfolio includes some 150 rather promising projects, 20 of which have been designated as priority projects to be implemented by the year 2030.

"The cost of these projects has been estimated at some 1.5 trillion rubles. This is 28 percent of the cost of all Russian projects in the Arctic. This shows that the development of Russia's Arctic zone can also boost the development of non-Arctic industrial regions in Russia," Kholmanskikh said as quoted by RIA Novosti.

The presidential envoy said that the portfolio includes the following projects in the Urals Federal District: the LNG project in Yamal and the construction of the Sabetta sea port (1 trillion rubles), the Northern Latitude Route railway project (244 billion rubles), the construction of a new general railway line from Bovanenkovo to Sabetta (76 billion rubles), and the construction of the Nadym-Salekhard section of a highway that is being built from Surgut to Salekhard (67 billion rubles).