Russia – Russian Deputy Prime Minister Dmitry Chernyshenko said that investors will provide 1.5 trillion rubles within the framework of the “Five Seas” project, and the state will provide another 300 billion rubles, for a total of 1.8 trillion*.
Speaking before Russian President Vladimir Putin regarding the establishment of federal sea resorts inhabited throughout the year within the “Five Seas and Lake Baikal” project, Chernyshenko said: Investors will provide 1.5 trillion rubles for this project. We will have to provide them with all the appropriate conditions to invest this money in our infrastructure.
It is noteworthy that the Five Seas Project, or the unified network of deep waterways, is a group of sea and river routes connecting five different seas adjacent to Russia in the European part: the Baltic Sea, the White Sea, the Caspian Sea, the Black Sea, and the Sea of Azov.
This project is strategic in that it provides a regional energy supply and transportation network in an important geographical location located in the heart of the global energy and transportation map.
It has begun to implement effective measures to build roads, ports, and pipelines within the country involved in putting the project into effect to form an economic, social, and geopolitical union.
* 1.8 trillion rubles equals approximately 16 billion dollars
Source: RIA Novosti
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2024-03-31 21:22:34
