Pravda.ru

News » Economics

IBRD to allocate $250m to Russia for road construction

18.11.2002 | Source:

Pravda.Ru

 

The International Bank for Reconstruction and Development will give a $250m credit to Russia to be spent on the road reconstruction in 2004. A relative agreement was reached at the meeting of head of the Russian State Road Service Rosavtodor Igor Slyunyayev with a mission from the IBRD. The money will be spent on the reconstruction of parts of the M-4 "Don" federal road that lays between Moscow, Voronezh, Rostov-on-Don, Krasnodar and Novorossiysk (goes through Bolshoy Sochi) and construction of a new toll road between Adler and Krasnaya Polyana in 2005.

Additionally, Rosavtodor is planning to attract $1bn in loans from the European Investment Bank in 2004-2006. They will be spent to build further Transeuropean channels.

© &to=http://www.rbc.com' target=_blank>RBC

 







Popular photos


Most popular

Russia wipes out secret centre of Western coalition
Russia wipes out secret centre of Western coalition
The Fars News has reported that ‘The Russian warships fired three Caliber missiles at the foreign officers' coordination operations room in Dar Ezza region, killing 30 Israeli and western officers’.
Russia takes Mediterranean under control
Russia takes Mediterranean under control
The Russian Navy has been actively exploiting strategic space of the Eastern and Western Mediterranean. After having built-up presence of the Russian warships in the port of Tartus, Syria, the...
Рейтинг@Mail.ru Rambler_s_Top100_Service