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Ministry of Economic Development Announces Competition for Modular Tourist Accommodation Projects

Ministry of Economic Development Announces Competition for Modular Tourist Accommodation Projects
Jan 20, 2025

The Ministry of Economic Development of the Russian Federation has launched a competitive selection process for investment projects aimed at creating modular non-capital tourist accommodation facilities, scheduled for implementation between 2025 and 2027.

According to the Kamchatka Krai Development Corporation, this initiative forms part of the national program "Tourism and Hospitality". Eligible participants include legal entities—excluding nonprofit organizations affiliated with state or municipal authorities—and individual entrepreneurs.

Selected projects will be awarded subsidies from the federal budget to cover expenses related to the procurement and installation of these modular non-capital accommodation units.

Priority consideration will be given to business proposals located along major road-based tourist routes. Additional advantages apply to projects whose developers did not receive similar subsidies during the period 2023–2024, as well as those situated within the boundaries of nationally recognized tourist routes.

Applications will be accepted until March 3rd. Regional enterprises interested in participating should contact the local Ministry of Tourism no later than February 21st.

Photo courtesy of the Kamchatka Krai Development Corporation.

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