International
Russia will invest in large-scale infrastructure development
Seetao 2022-01-20 15:08
  • Russian government will significantly increase investment, expand infrastructure development plan in the northern region
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Russia has a vast territory and weak infrastructure in the Far East and near the Arctic Circle. Russian Prime Minister Mishustin said in his speech at the Heydar Forum that the Russian government has adopted a series of plans and plans to invest in large-scale infrastructure development.

Key projects include: comprehensive modernization and expansion of the Bei-A Railway and the Trans-Siberian Railway, ensuring the annual navigation of the Northern Sea Route, the construction of the Shuangxi Highway, the transformation of local gasification, and the development of electric transportation.

Russia will increase investment in information technology, microelectronics, communication equipment research and development, genetic science and other fields. Before 2030, research and development expenditures will be three times the current level. In the housing market, the government intends to improve housing conditions for 5 million families each year.

Russian Deputy Prime Minister Sergei Ivanov said that the country will increase infrastructure investment, and the investment amount will be increased from 2.5% of the current GDP to 4%. At the 12th St. Petersburg International Economic Forum held recently, Ivanov believed that the current problem of the country's underdeveloped transportation infrastructure, especially road construction, requires a long-term planning strategy, and the idea of solving problems overnight and in the short term is obvious. Not realistic. "Our country is vast, and these problems cannot be solved in five or 10 years, at least it will take decades." Editor / Xu Shengpeng


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