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Russia Beyond The Headlines

BRICS Bank plans to finance road construction projects in Russia

September 1, 2016 TASS
A number of Russian projects have attracted the bank's attention.
The BRICS Bank will not be capable of replacing the IMF. But the developing countries do not pursue such a goal as yet. Source: PhotoXpress
The BRICS Bank looks to support infrastructure projects in member countries. Source: PhotoXpress

The New Development Bank (BRICS Development Bank) experts are studying the possibility of funding road construction projects in Russia, bank’s Vice President Zhu Xian told TASS on Sept. 1.

“A number of Russian projects attracted our attention, especially in the transport sector,” Zhu said. “We will examine them, and then we can talk about the pace of their implementation…this includes roads, freeways.”

First published by TASS

Read more: Putin-Xi meeting will be the main Russian highlight at the G20 summit​

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