Russia to invest 4 percent of GDP in infrastructure

Russian Deputy PM Sergey Ivanov says Russia needs to increase investments in infrastructure development from today’s 2,5 percent of GDP to 4 percent of GDP.

Speaking at last week’s Sankt Petersburg Economic Forum, Mr. Ivanov said that Russia will need several decades to upgrade road infrastructure to satisfactory standards. –In such a country with big territories, this problem can not be resolved in 5-10 years. In can be solved in the course of several decades, the deputy PM said.

Source: http://www.barentsobserver.com