Putin Hopes for More Private Investment in Roads, Railways

Author: us-russia
Comments: 0
Putin Hopes for More Private Investment in Roads, Railways
Published 5-08-2013, 06:36
ST. PETERSBURG, August 2 (RIA Novosti) – President Vladimir Putin on Friday expressed hope for a rise in private investment in the development of Russian infrastructure, especially highways and railroads.

Putin was speaking at a ceremony to unveil the northern section of the Western High-Speed Diameter (WHSD), a new toll highway in the northwestern Russian metropolis of St. Petersburg.

"We hope private investors join such projects as the WHSD,” said Putin, who had driven a car to the ceremony’s venue. "We are now actively investing in the construction of the Central Ring Road [around Moscow], and in Siberian and far eastern projects.”

"I will remind you that a decision has been made to allocate 450 billion rubles [$13.6 billion] from the National Welfare Fund to important infrastructural projects, plus we will increase private investment,” the president said.

Putin congratulated construction workers and engineers involved in the effort to build the highway. He called it one of the most important investment projects in the country.

The WHSD is "another step to resolve transportation problems in St. Petersburg and across Russia’s northwest, to improve road safety and the environmental situation,” the Russian leader said.

 

RIA Novosti

Comments: 0
Experts' Panel
Are the U.S. and Russia...
The Sunday, February 24 edition of Russian state television’s...
Are the U.S. and Russia...
Top
popular in the journal
RUSSIAN FEDERATION SITREP 30...

RUSSIAN FEDERATION SITREP 30...

KREMLINOLOGY. I’ve been at this business for a while and one of the things I’ve learned is that "Kremlinology” is a waste of time: speculating about ...
It may be time to follow...

It may be time to follow...

Editor’s note: Dr. Edward Lozansky, was responding to Frank Shatz’ column on Dec. 25. 2019,
Prince Harry Nominated for King of...

Prince Harry Nominated for King of...

A strange assortment of current events is in the news. Trump's impeachment over Ukraine has gone to trial in the Senate. Britain's Prince Harry precipitously has quit ...
Встреча на Эльбе 75

Встреча на Эльбе 75

Предварительная Программа празднования 75-летней годовщины Встречи на Эльбе
Elbe river meeting 75

Elbe river meeting 75

Elbe 75 - Cooperating for World Peace April 24 - 25, 2020 Berlin – Torgau - Strehla, Germany