Russia to make 1.03 trillion ruble investments in Far East in 2016Staff writer ▼ | May 5, 2016
The new mechanisms for development of Russia’s Far East have already attracted 1.03 trillion ruble investments and the amount will exceed 2 trillion rubles by the end of 2016.
Development Far East Development Minister Alexander Galushk:
Of the total amount of investments raised so far, 950 billion rubles are private and 80 billion rubles are state contributions.
“This way the effectiveness, the multiplier is one to 12: we raise 12 rubles of private investments per 1 ruble of budget funds,” Galushka said.
He said that the investments will be spent on 200 new industrial facilities. ■