Russia 70 billion rubles earmarked to support local road

• Russia Dmitri Medvedev on March 10 decision to place funding of about 70 billion rubles (about US $ 1.2 billion) to support local road construction projects.
  Russia according to Government Web sites announced on 10th, Medvedev signed a consent decree to local funding. According to the Decree, Russia Government to the local government allocated 70 billion rubles from the federal budget to develop local road transport system. The Act also sets out in detail the local finance program that uses this funding, requires strict local finance will this money be used to support local road construction projects.
  In addition, the message also pointed out that Russia Government has been allocating funds to support local medium and large projects has a significant role in promoting socio-economic development, including local road construction projects. This to local funding is designed to further enhance road capacity of local road networks at all levels.
•