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The Russian government plans to increase infrastructure development
Seetao 2021-08-05 14:49
  • Russia's infrastructure needs are mainly concentrated in the fields of transportation infrastructure, energy and public utilities
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Russia’s current easing of relations with the United States and other countries has led to an upward development trend in the domestic economy. In order to further improve the level of domestic infrastructure construction, Russian Deputy Prime Minister Husnullin stated that the Russian government will allocate more than 2 trillion rubles (approximately 27.46 billion rubles) in recent years. U.S. dollars) to develop urban infrastructure. These include the provision of a total of 1 trillion rubles (approximately US$13.73 billion) of infrastructure loans to the states and regions before 2026, with a loan period of 15 years and an annual interest rate of 3%. This loan can also attract equal amounts of extra-budgetary funds.

As the 11th largest economy in the world, Russia is one of the main suppliers of natural resources in the global market. Due to Western sanctions, Russia's economic growth has slowed down, but it has gradually improved. It is expected that the future economy will develop steadily. Certain industries will drive the transformation of the Russian economy, for example, minerals, oil and gas are moving eastward; the Russian government plans to invest 34.7 billion U.S. dollars (2% of GDP) in infrastructure construction to ensure economic growth; large projects are concentrated in high-speed rail , The construction of new oil pipelines, ports, etc., at the same time, it also brings new opportunities for Sino-Russian cooperation in trade and finance. In addition, the current status of trade development between China and Russia. In 2020, Sino-Russian trade will increase by 2.2%, or approximately US$69.5 billion; China’s exports to Russia will increase by 7.3%, or approximately US$37.2 billion; in 2020, the proportion of Russia’s oil and gas exports to China will exceed 50%. %, and plans to open a direct pipeline for oil exports.

Keywords: infrastructure construction, infrastructure construction, domestic engineering news, infrastructure engineering news

In addition, the Russian National Welfare Fund will allocate 150 billion rubles (approximately US$2.06 billion) to clean up the old pipe network of residential public utilities; Russia will also issue 150 billion rubles (approximately US$2.06 billion) of residential infrastructure bonds. Used to support the infrastructure construction of residential communities under construction. Editor/Xu Shengpeng


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