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3 projects worth $560 million selected for targeted financing — minister

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NOVO-OGAREVO, February 4. /TASS/. Three projects worth 37 billion rubles ($560 mln) have already been selected for targeted financing, of which two are agricultural and one is a telecom project, Russian Economic Development Minister Alexey Ulyukayev said on Wednesday at a government meeting with President Vladimir Putin.

"We have already studied the first group of the projects (set for targeted financing) and selected 3 of them," Ulyukayev said. "Two are agricultural projects and one project is from the telecom sector, jointly they are worth around 37 billion rubles ($560 million)," he added.

The minister added that around 30 projects from agricultural, industrial and construction sectors worth 80 billion rubles ($1.2 billion), are almost ready for targeted financing. "We plan to study those projects in the first quarter of this year," Ulyukayev said.

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