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Presentation of Russian Road Projects Organized by Vnesheconombank in London

21 november 2007 года
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LONDON, November 21. /PRIME-TASS/.  Russian Transport Minister Igor Levitin told British investors on Tuesday about the Russian Transport Infrastructure Development Program at the special presentation of Russian road projects organized in London by Vnesheconombank.

Mr. Levitin is quoted by ITAR-TASS as saying that the transport infrastructure remains to be a most promising and dynamically growing segment in the world investment market.

The Transport Minister said about the Russian authorities’ intention to raise private capital to carry out major projects associated with expanding the road network in the Russian Federation including the building of high-speed motorways. These include the building of a motorway between Moscow and Saint Petersburg. Representative of the European Investment Bank Mark Leistner stated his intention to participate in the last project and he said that he was sure that his financial institution was ready “to make a substantial contribution to implementing Russian private-public partnership projects.”

The initiatives proposed by the Transport Ministry are based on the provisions of the state program of transport development up to the year 2030, which was discussed in detail at the meeting of the State Council Presidium in Krasnoyarsk. They also discussed the investment development program up to the year 2012. The program provides for making investments in Russia’s transport infrastructure in the amount of more than 600 billion dollars.
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