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Extra 20 bln roubles to be allocated to Russian N Caucasian regions in 2012-2013

Russia’s North Caucasian regions will be granted additional financing to a sum of about 20 billion roubles in 2012-2013

MAKHACHKALA, October 2 (Itar-Tass) —— Russia’s North Caucasian regions will be granted additional financing to a sum of about 20 billion roubles in 2012-2013, Russian Prime Minister Dmitry Medvedev said on Tuesday.

“Just a few days ago, on September 24, I signed a government resolution to allocate two billion roubles more within the federal target program Russia’s South. The money will go to complete the construction of infrastructure facilities in the Caucasian Mineralnye Vody area. Apart from that, as many as 12 billion roubles will be allocated to the Caucasian regions in 2012 and about six billiob – in 2013,” Medvedev said at a meeting of the governmental commission on socio-economic development of the North Caucasian federal district.

Apart from that, Medvedev promised to draft amendments to the federal program for the development of the republics of Chechnya and Ingushetia till the year 2016.

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