Moscow enlargement will cost $1 bln in 2013
MOSCOW. Aug 22 (Interfax) - Up to 10% of a targeted investment program will be allocated for developing new territories in Moscow in 2013, Moscow Deputy Mayor Marat Khusnullin told reporters on Wednesday.
Around 300 billion rubles will be allocated for construction in 2013 under the targeted investment program, according to the information released earlier.
"We are planning to spend up to 10% of the targeted investment program for the development of new territories next year. These are the funds raised from auctions," Khusnullin said.
All city programs will remain in place, he said.
"Funding will vary depending on the sector, in particular, at least 10% will be allocated for social infrastructure, around 10% for transport, and significantly more than 10% for engineering infrastructure," the deputy mayor said.