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Government urges to provide 150 billion rubles to build Central Ring Road

August 12, 2013, 13:10 UTC+3

The project is expected to be finished by the end of 2018

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MOSCOW, August 12 (Itar-Tass) - The government calls for providing 150 billion rubles from the National Prosperity Fund and 73.8 billion rubles from the federal budget to build the Central Ring Road (CRR).

The project will ensure return to the National Prosperity Fund to the extent of inflation plus 1%. The return period is 28 years and the delay in coupon payments is 7 years (till 2021).

Avtodor State Company discount securities at the amount of 5.2 million rubles. Discount security will be paid off due to the federal budget subsidies.

The organisational, legal and financial model of the project has been coordinated with the Transport Ministry, the Economic Development Ministry and the Finance Ministry, the Moscow government and the government of the Moscow region, as well as with Vnesheconombank, Sberbank, Gazprombank and the Russian Direct Investment Fund.

The project is expected to be finished by the end of 2018. At least 339 kilometers will be built.

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