2016 March 30 15:41

RF Ministry of Finance does not approve allocation of RUB 5 bln for maintenance of IWW in 2016

The Ministry of Finance of the Russian Federation has not approved allocation of RUB 5 bln required for maintenance of inland water ways in 2016, IAA PortNews correspondent cites Deputy Transport Minister Victor Olersky as saying at the final meeting of Rosmorrechflot’s Board in Moscow.

According to Victor Olersky, this amount comes from the plan for gradual increasing of IWW financing to normative level.

As Volga Shipping Co. Board Chairman Rishat Bagautdinov comments, lack of financing required for maintenance of Russia’s inland water ways will mean an additional burden on the shipping companies’ business.

New norms for financing of IWW maintenance were approved by RF Government in December 2015. 

Related links:

Federal financing of Russia’s inland water ways to be raised to RUB 20 bln by 2018, Transport Minister says>>>>

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