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Global infrastructure needs investments of up to $60 trln - expert

June 21, 2013, 14:01 UTC+3
"Setting up of a Development Bank by the member-nations of BRICS will help these countries invest in their infrastructures" - head of the Russian Fund for Direct Investment
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Photo ITAR-TASS

Photo ITAR-TASS

St PETERSBURG, June 21 (Itar-Tass) - World infrastructure needs investments to the tune of $60 trillion, Kirill Dmitriyev, head of the Russian Fund for Direct Investment said Friday in the course of a panel discussion at the St Petersburg International Economic Forum /SPIEF/.

The setting up of a Development Bank by the member-nations of BRICS /Brazil, Russia, India, China, and South Africa/ will help these countries invest in their infrastructures, he said.

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