A conference on developing single-industry cities has been held at the Russian Regional Development Ministry.

(Kazan, March 11, Tatar-inform). A conference on developing single-industry cities has been held at the Russian Regional Development Ministry, reports the authority’s press service.

Attendees at the conference were representatives from foreign cities with similar specifics. They shared their expertise of resolving issues related to developing single-industry cities, implemented in Europe.

In view of the critical situation in the world economy, the Russian Regional Development Ministry has designed a comprehensive development plan for the single-industry cities. The plan reads that when the Russian economy recovers from the crisis, modernisation of single-industry cities will grow in importance, as they could become points of growth and innovative development for the entire country. The global experience of modernising single-industry cities has revealed a need of differentiated approach in designing a set of measures, aimed to resolve the problems each city faces.

The plan contains possible solutions to the mono-cities’ problems, including reorganisationof backbone companies, development of small businesses, providing attractive conditions for investments, developing and modernising the social and utilities infrastructure, training and skills improvement plans for the population, and creating jobs for younger people.

The key results the integrated development plan is expects to produce are provision of employment in the short term and shiftng the mono-cities’s economies to a multi-branch economic model and provision of their budgetary sustainability in the mid and long terms.
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