Russia to boost investment in roads 9% in 2011
MOSCOW. Nov 17 (Interfax) - Russia plans to allocate an additional 50 billion rubles to the road sector in 2011 compared to 2010, Deputy Prime Minister Sergei Ivanov said on the sidelines of the Transport Russia 2010 forum in Moscow.
Investment is slated to total 580 billion rubles this year and will rise 8.6% to 630 billion rubles next year, he said.
Ivanov stressed that the state does not plan to cut spending on development of the road network even as private investment begins to be attracted to the sector.