Russia commits $US 550 BLN for infrastructure
Published: 20 May, 2008, 16:13
Russia will invest almost $US 550 billion in its transportation system between years 2010 and 2015.
The investment program is the biggest ever adopted by the Russian government.
Prime Minister Vladimir Putin said Russia's underdeveloped infrastructure is a drag on the country's economy.
“Russia carries only one percent of trade turnover between Europe and Asia, while experts say this could be 5 or even ten times more. Thus, it is vital to move from just maintenance of Russia’s transportation system to its development,” Putin said.
20.05.2008, 13:49
Moscow all set for English onslaughtMoscow is getting ready to host the Football Champions League Final on Wednesday. More than 55,000 thousand fans from English are expected to travel to Russia to see their countries top clubs Chelsea and Manchester United. Hotels, restaurants and bars are |
20.05.2008, 19:33
Russia to become Adidas’s biggest European marketAdidas is shifting its manufacturing operation away from China because of rising labour costs, according to the company’s head. It comes as the German sportswear manufacturer targets huge growth in the Russian market. |
