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26 May, Friday

Ufa   °

RAIP regulations are confirmed in Bashkortostan

Business

The President of Bashkortostan Rustem Khamitov has signed a resolution «On approval of Regulations to form and realize a Republican Targeted Investment Program (RAIP)».

Administrations of municipalities are recommended to accept similar standard legal acts, the Government RB website informs.

It should be mentioned that RAIP is aimed at concentration of investment funds for solution the main problems of social and economic development of the republic.

Thus, only in 2012 the total volume of the Program makes 13,3 billion roubles. From them 8,1 billion roubles, or 61 percent are allocated for development and renewal of educational institutions, public health services, culture and sports facilities.

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