03 July 2013, Wednesday, 17:04

Regional investment fund will be engaged in financing priority projects in Bashkortostan

author: Lyudmila Ternovaya

The law «On Investment Fund RB» has come into force in the republic. It was accepted in final reading at the last meeting of the State Assembly.

The new structure is created similar to the investment fund of Russia to support regional initiatives.

In Bashkortostan the fund was created by the Governmental order RB in 2012. The volume of its financing last year made 170 million rbl. Current year, allocation of 629 million rbl. is provided. Now a number of projects of state-private partnership are under consideration, which can apply for reception of budgetary resources of the republican fund. Experience of 11 regions of Russia was considered while formation of the law, where corresponding laws on investment funds had already come into force.