The Arctic shipbuilding and repair center will be set up in the Murmansk Region on the basis of three affiliates of the United Shipbuilding Corporation (USC), the Minister was quoted as saying by TASS news agency Friday.

We have finalized the decision with USC and the Murmansk Region actually today on consolidation of three enterprises… to set up the Arctic Shipbuilding and Repair Center on the basis of these enterprises.

This will make possible to consolidate resources, optimize costs, improve manageability and concentrate resources in these enterprises, he added.

The minister chaired the meeting of the coordination council of the industry on the topic of the defense industry diversification earlier on Friday.

According to Governor of the Murmansk Region Andrei Chibi, the establishment of the Arctic shipbuilding and ship repair center is expected to enable attracting investments into the regional economy and generating new jobs.

 

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