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Russia: Still not enough investment for the transport industry

October 2008.

According to RZD-Partner, Russia's demand for private investment has not been met, Deputy Transportation Minister of Russia Andrei Nedosekov told a roundtable meeting during the 3rd Far Eastern International Economic Forum in Khabarovsk.


The deputy minister cited expert data that put the annual demand for private investment at RUB 200 billion - RUB 400 billion. He stated that the Transportation Ministry was poised to use proven mechanisms to draw private capital to the development of transport infrastructure.

Nedosekov noted that large contributions were to be made to the Far East, as most of the ministry's long-term plans were linked to the region.

According to the State Duma Deputy Sergei Shishkaryov, considerable investment will be needed to implement transport infrastructure projects, including the completion of the Eastern Siberia - Pacific Ocean Pipeline, expansion of the Baikal-Amur Mainline capacity, airport and port development, and upgrading of the river and sea fleet RZD-Partner reports.


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