News
Program to build new airport in Rostov region
A $1.8bln program to build a new airport and logistics complex in Rostov region has been made part of a federal transport program, regional officials announced today.
The Transport System Development 2010-2015 program was set up in April this year with a $500bln budget to help fund regional transport projects on condition that regional officials also put up funds in each case.
The $1bln airport, to be named Yuzhny, is to be 60% financed by private sources, with the rest to be put up mainly by federal sources though some $31mln will come from regional budgets, Marchmont Capital Partners said.
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