The plenipotentiary envoy of the Russian president to the North Caucasian Federal District, Alexander Khloponin, declared that the development project for the recreational and industrial district of Mineralnye Vody requires the establishment of a new special economic zone with tax benefits, RIA Novosti reports.
Miniralnye Vody district unites several regions of Kabardino-Balkaria, Karachaevo-Cherkessia and Stavropol Krai,
Pyatigorsk and Yessentuki included. The project of agglomeration is at the development stage at present. Mr Khloponin expressed hope that the project will become a priority of the North Caucasus Federal development program.
