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Moscow to allocate over one trln roubles for special investments

The major priority of programme is given to construction of metro and to solving transport problems

MOSCOW, August 30 (Itar-Tass) — The Moscow city authorities will allocate 1.391 trillion roubles for special investment programme for 2012-2014, a source at the Moscow Mayor’s Office said on Tuesday.

“The city will allocate 443.9 billion roubles in 2012, 460 billion roubles in 2013, and in 2014 – 487.1 billion roubles,” the source said.

In early August, the city authorities adopted a special investment programme for next three years – the major priority is given to construction of metro and to solving transport problems. For example, the city will allocate for construction of metro, development of public transport and for road projects about 300 billion roubles a year. Besides, the Moscow’s budget will finance construction of about 700,000 square metres of new housing, to leave alone real estate built by investors.

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