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August 26th, 2007
Russia Plans Massive Investment in Eastern Territories

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VLADIVOSTOCK NEWS – A total of 427 billion rubles ($16.6 billion) will be allocated from the federal budget up to the year 2013 for the development of Russia’s Far East and eastern Trans-Baikal territories, Finance Minister Alexei Kudrin announced at the first international Pacific Economic Congress in Vladivostok on July 28. The finances will go towards enhancing the territories’ infrastructure, roads, ports, airports and municipal structures, a press statement from Primorye’s administration reported citing the minister.
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