14.08.2013 - Sovereign funds to finance road
The Russian Direct Investment Fund might join forces with two of the world's major sovereign funds to help finance construction of the Central Ring Road around Moscow, as the government is seeking to save the budget funds by wooing private investors. The RDIF — which is the Kremlin's investment vehicle aimed at attracting foreign investors — could provide up to 60 billion rubles ($1.8 billion) for the project, with the sovereign funds being committed to participate, the RDIF's chief executive Kirill Dmitriev said...............................................Full Article: Source
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