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Putin Pledges $43 Billion for Infrastructure

Matt Ball on June 23, 2013 - in Transportation

President Vladimir Putin pledged on Friday that Russia would invest at least $43 billion to upgrade the country’s roads and railways to help spur growth and leave a lasting legacy for generations.

Russia is looking at ways to boost its economy, which is expected to grow by only 2.4 percent this year, the lowest in more than a decade.

Addressing an international economic forum on Friday, Putin said at least half of Russia’s $86.7 billion so-called rainy-day fund will be used to build a new highway in the region around Moscow, put in a high-speed rail link between the capital and the city of Kazan, around 460 miles (735 kilometers) to the east, and upgrade the Trans-Siberian Railway.

Read More via ABC News
Matt Ball

About Matt Ball

Matt Ball is founder and editorial director of V1 Media, publisher of Informed Infrastructure, Earth Imaging Journal, Sensors & Systems, Asian Surveying & Mapping and the video news site GeoSpatial Stream.

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