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27 Mar, 14:31

Russian sovereign fund to work with concession mechanisms for Northern Sea Route

"Concession mechanisms will make it possible to raise money from investment funds, from private investors globally," Kirill Dmitriev added

MURMANSK, March 27. /TASS/. The Russian Direct Investment Fund is going to work with different concession mechanisms for Northern Sea Route development, chief executive of RDIF Kirill Dmitriev told reporters on the sidelines of the International Arctic Forum.

"We will announce here that we will work with different concession mechanisms for the Northern Sea Route. We see the Northern Sea Route development should be financed not merely through budget funding but also at the expense of the concession mechanisms," Dmitriev said.

"Concession mechanisms will make it possible to raise money from investment funds, from private investors globally," he added.