Trillions of rubles, the Russian reserves had wanted to spend on transport

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www.vsyako.netPhoto: Grigory Sysoev / RIA Novosti

The government is discussing a massive program to upgrade public transport in Russian cities over two trillion rubles. About this newspaper “Kommersant”.

The initiator of the program is the web.Of the Russian Federation. According to the proposal, the program will not enter Moscow and Saint Petersburg. Funds of VNESHECONOMBANK’s going to get from the national wealth Fund (NWF). According to the idea, the first phase of the program will include ten cities — Ekaterinburg, Perm, Nizhniy Novgorod, Saratov, Tver, Voronezh, Volgograd, Chelyabinsk, Novosibirsk and Kazan.

The cost of this phase is estimated at 340 billion rubles. In the framework of the programme it is proposed to procure the buses, trolleybuses and trams, as well as to reconstruct existing infrastructure. After that, the program can distribute more than a thousand Russian cities, and then, according to preliminary calculations, the cost will increase to 2.1 trillion rubles.

The Ministry of industry and trade said that the project has not yet been reported to the office, but it is ready to take part in the work. The Finance Ministry said that decisions on the programme is still pending, and the Ministry of transport said that the Ministry is involved in discussing ideas.

Earlier, the Chairman of VEB.Of the Russian Federation Igor Shuvalov said that part of the Fund should be directed to the improvement of the 100 largest cities in Russia. He mentioned the projects for water purification, upgrading of transport, the creation of modern housing and to improve the quality of services.

As of September 1, NWF reached 8.2 trillion rubles, of its liquid portion (the accounts of the Central Bank) amounted to 6.5 trillion rubles (about six percent of GDP). Abroad for the use of the Fund is the size of the liquid portion to seven percent. It is expected that it will reach this level in 2020.

Video, photo All from Russia.

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