B20 suggest G20 leaders set up $200 mln fund for investment in project documentation
STRELNA. Sept 5 (Interfax) - The B20 is proposing that the leaders of the G20 set up a $200 million fund for financing the creation of project documentation for infrastructure projects, the head of the Russian Direct Investment Fund and chair of the B20 group Investment and Infrastructure, Kirill Dmitriev, has told the press.
"We think that the countries of the 'twenty' should create a joint fund of $200 million, that is just $10 million from each country in the 'twenty,' that would be invested in the preparation of the project documentation of infrastructure projects," Dmitriev said.
Trillions of dollars cannot come to the projects because "they are poorly documented, because there is actually no institution that could finance the creation of project documentation," he said.
Such a fund's creation would make it possible to increase the number of projects into which private money could flow, he said.
"We want to create in Moscow a center for the best practices of infrastructure investments, to compare the cost of roads in various countries, for example. The Davos Center and Stanford University are ready to work with us," Dmitriev said.
