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Ulyukayev: Economic Development Ministry discusses providing over 1 trillion roubles to infrastructural projects

A total of 450 billion roubles out of this sum are being invested in the well-known projects - to reconstruct the Trans-Siberian Railway and the Baikal-Amur Mainline

Photo ITAR-TASS / Mikhail Metzel

Photo ITAR-TASS / Mikhail Metzel

BALI, Indonesia, October 6 (Itar-Tass) - Russia’s Economic Development Ministry believes it possible to provide 1.2 trillion roubles from the National Prosperity Fund to implement infrastructural projects, Minister Alexei Ulyukayev said.

“We’ll talk about 40 percent, but this is only our vision. This sum has not been recorded in any regulatory documents. It seems to be that 40 percent equals to 1.200 trillion roubles,” Ulyukayev said.

A total of 450 billion roubles out of this sum are being invested in the well-known projects - to reconstruct the Trans-Siberian Railway and the Baikal-Amur Mainline, as well as the Moscow-Kazan high-speed railway. “We’d like other projects to be added to the priority ones,” the Russian minister said.

It will be necessary to agree with the Finance Ministry how much funding may be provided from the National Prosperity Fund to investment projects, Ulyukayev said.

“The Fund’s money can be allocated to implement the projects and not to be invested in financial instruments. We believe that investments in VEB deposits are another financial instrument,” Ulyukayev said.

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