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Sovereign Wealth Funds Briefing - Categorized | Investment

Russia’s National Welfare Fund may be used to build Kerch Strait bridge

Posted on 19 March 2014

Russian Regional Development Minister Igor Slyunyayev has not ruled out that money from the Russian National Welfare Fund may be used to build a bridge the Kerch Strait bridge. “The proposal on the construction of a 4.2-kilometer long bridge had earlier been considered with the Ukrainian side, the agreement was signed last December,” the minister said.
“The design estimate documentation for the construction of a bridge across the Strait of Kerch, according to the decision of the Russian government, should be finalized by the state-run company Rosavtodor by November 1, 2014.” “The construction period is two years. I do not rule out that money from the National Welfare Fund may be used for the implementation of this strategic and undoubtedly paying project,” said Slyunyayev, without specifying the amount of the funds………………………………………..Full Article: Source


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