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Rosmorrechflot: 7 Rubles of Private Investments Accrued for each 1 Ruble of Budget Assets Invested into Construction and Upgrading of Port Facilities during 2002-2010

March 04, 2010

The total volume of investments into construction and upgrading of port facilities during implementation of the subprogramme Marine Transport of the Federal Target Programme for the Retrofitting of the Transport Infrastructure of the Russian Federation (2002-2010) amounted RUR 443 bln. of that RUR 51 bln. of federal budget assets. So, 7 Rubles of private investments refer to 1 Ruble of budget assets with average performance in the whole economy 1:2 ~ 1:3. This was stated by Alexander Davydenko, Head of the Federal Marine and River Transport Agency (Rosmorrechflot), in this report at the extended meeting of the Council of the Agency in Moscow.

Source: PortNews

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