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G20 uphold Australia’s initiative to set up a centre for infrastructure investment support

October 11, 2014, 6:34 UTC+3 WASHINGTON
“The leaders in Brisbane (Australia) are to take a decision (on creating the centre),” Russian Finance Minister Anton Siluanov said
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© AP Photo/Sergei Karpukhin

WASHINGTON, October 11. /TASS/. The G20 Finance Ministers supported Australia’s initiative to set up a centre for infrastructure investment support, Russian Finance Minister Anton Siluanov said on Saturday.

“The leaders in Brisbane (Australia) are to take a decision (on creating the centre),” he said.

The G20 summit will be held on November 15-16.

The new centre will become “a kind of project hub”, Siluanov said.

“Information will be collected on investment infrastructure projects. They will be based on the principles of public-private partnership. This will be interesting for investors who are searching for using their money. The state will propose projects and preferences for business,” he said.

Russia seeks to launch such project in order to attract external investors into internal infrastructural facilities. “They [facilities] can be built not with the use of budget and not through public-private partnership, but investors, including from foreign countries, may be involved,” Siluanov said.

“But we talk about the need to use norms, standards, technical rules from the best world practice because you know our roads are one of the most expensive infrastructures. We can compare how much it is worth in other countries,” he said.

If the centre starts working, “this will be an interesting project”, Siluanov said.

He also called for creating “a unit of infrastructural projects” for proposing them to this hub that would accumulate the G20 projects.

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