Financing of industrial development of Urals’ north might stop

About a half of previously approved projects might not get the promised financing from the Investment Fund until 2010, the Ministry of Economic Development’s Investment Policy Director Dmitriy Levchenkov reports.

‘We have been considering postponing the financial aid to some of the projects from 2009 to 2010. About ten projects might be involved in this change altogether,’ he said.

One of these projects is the one on the industrial development of the Urals’ north (known as The Industrial Urals-The Polar Urals). This means no money might be provided for carrying out an expert examination or working on the design and estimate documentation, Interfax reports.


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