The extended meeting of the Council under the Federal Agency of Marine and River Transport paid considerable attention to the development of inland waterways. Last year, the volume of cargo transported by inland waterways grew by 10%. However, the development of river transportation requires large scale investments into infrastructure. Otherwise, the shipping will become unprofitable and unsafe. In 2008, RUR 4.2 billion will be allocated from the federal budget for implementation of subprogram “Inland Waterways” within the framework of the federal special purpose program “Modernization of Russia’s Transport System”. RUR 8.3 billion will be spent for maintenance of inland waterways and hydraulic engineering. The draft project for extension of the special purpose program is under development today. It is supposed that total financing will exceed RUR 230 billion by 2015, with a major part of costs to be born by the federal budget
2008 March 6
Investments to go by waterways
The extended meeting of the Council under the Federal Agency of Marine and River Transport paid considerable attention to the development of inland waterways. Last year, the volume of cargo transported by inland waterways grew by 10%. However, the development of river transportation requires large scale investments into infrastructure. Otherwise, the shipping will become unprofitable and unsafe. In 2008, RUR 4.2 billion will be allocated from the federal budget for implementation of subprogram “Inland Waterways” within the framework of the federal special purpose program “Modernization of Russia’s Transport System”. RUR 8.3 billion will be spent for maintenance of inland waterways and hydraulic engineering. The draft project for extension of the special purpose program is under development today. It is supposed that total financing will exceed RUR 230 billion by 2015, with a major part of costs to be born by the federal budget