Russian government to spend 1.2 bln roubles on construction in Northern Caucasus

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Russian government to spend 1.2 bln roubles on construction in Northern Caucasus
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On Tuesday, the Russian Prime Minister, Dmitry Medvedev, signed a decree to allot 1.2 bln roubles in subsidies to the Northern Caucasus regions for construction and utility services projects.




According to the document published on the Russia’s government website, in 2016 the republics of Northern Ossetia, Karachaevo-Cherkessia, Kabardino-Balkaria, Chechnya and Dagestan will received targeted funding of 1.2 bln roubles.

This money is planned to be allocated to co-finance expenses in the fields of construction and utility services. The expenditure is part of the state program entitled “Development of the Northern Caucasus Federal District”.



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