RosMorPort FSUE to spend RUR 120 billion for construction of ports and coast infrastructure - Parfeonov

RosMorPort FSUE plans to spend RUR 120 billion including RUR 100 billion for coast infrastructure and RUR 20 billion for designing and construction of new ports, Yuri Parfeonov, the company’s Director General told at the briefing after the II International Forum "Russian Transport 2008" in Sochi. According to him, during a 5-year period RosMorPort spent RUR 26 billion including RUR 18 billion from federal budget, RUR 6 from own resources and RUR 2 billion of private investments raised within the framework of public-private partnership.