About $5 million has been invested in the construction of a deepwater year-round port near Indiga, a settlement on Russia’s Barents Sea coast, according to the Arkhangelsk Region’s Acting Governor Alexander Tsybulsky.
He told reporters that exploration and geological work has already been completed at the site. Construction is expected to start next year and be completed in 2025. Investment in the project may exceed 300 billion rubles (over $4 billion).
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