Government to allocate RUB 40bn to Russian regions for road construction in 2012-2014

2012-02-20

road infrastructure • government investment • Moscow Province • Republic of Mordovia • Krasnodar Territory • Penza Province • Republic of Dagestan

The Russian government intends to spend more than RUB 40bn (€1bn) on co-financing the construction and modernisation of state and interregional road systems as part of the federal programme Development of Russian Transit Systems (2010-2015), according to Interfax.

The government will invest RUB 27.3bn (€690m) in the project in 2012. Most of the funds will be spent on the Moscow Province transit system. In addition, the Republic of Mordovia will receive about RUB 4bn (€100m), the Krasnodar Territory – more than RUB 3bn (€75m), the Penza Province and the Republic of Dagestan – around RUB 2bn (€50m).

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