Russian State Duma allows private ownership of infrastructure

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Russian State Duma allows private ownership of infrastructure

Private investors get access to non-privatized infrastructure

 State Duma accepted at second reading the bill on concessions allowing private entities to exploit federal and regional ownership. This will allow private business to invest into otherwise not privatized infrastructure. By this, private investor would gain access to roads, pipelines, airports, power stations and power grid, railway and public

transport, ports and so on.

It is expected that the possibility of private investments would be extensively used into road investments. Other sectors, including housing it would rather be ignored, as the bill envisages rather substantial investments and significant real estate renovations. Thus, the legislation gives new regulations and organizes public-private partnership; however more accurate and sectororiented documents are needed. The bill is still to be approved by the Federation Council and signed by the president.

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