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2009 November 16   13:19

RF Ministry of Transport to support freight companies’ infrastructure bonds issue of in 2010

Freight companies may direct infrastructure bonds estimated RUR75 bln and $2.5 bln for construction of motorways and seaports as well as railway transport development in 2010.  As Igor Levitin, Head of the RF Ministry of Transport, informed at a press-conference, such bonds can be supported by the government guarantees.

As PortNews IAA informed earlier, Ust-Luga Co. OJSC (Leningrad Region) counts on inclusion of complex investment project of Ust-Luga Commercial Seaport development (the Gulf of Finland, the Baltic Sea) into the list of investment projects claiming to obtain state guarantees in 2009.

It is suffice to remind that under the federal law (N230 dated October 3, 2009) ‘On introduction of changes into the Federal Law ‘On the Federal budget of 2009 and a planned period of 2010 and 2011’ the country’s 2009 envisages RUR 75 bln and $2.5 bln support (in state emitted guarantees) of the selected in the set order investment projects.  

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