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2012 November 8   16:56

PM sets objectives for civil shipbuilding

Prime Minister Dmitry Medvedev speaking at a recent meeting of the Russian Government said the domestic civil shipbuilding output is expected to soar by fivefold by 2030, the government press office said.

Dmitry Medvedev said that the program "Development of Shipbuilding in 2013-2030" involves injection of more than RUB 600 billion in shipbuilding industry, over 50% of them (RUB 330bn) from the federal budget.

The Prime Minister has set as priorities the formation of advanced scientific and naval engineering sector necessary for the creation of advanced marine and river vessels and equipment, the upgrade of production facilities of research institutes and design bureaus, development of human resources of the industry and execution of  the state defense orders.

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