MOSCOW, July 20 (RIA Novosti) - Economic Development and Trade Minister German Gref said Wednesday that the planned Russian Investment Fund could hold around $2.5 billion by 2006.
Documents for the creation of the investment fund are currently pending approval. This issue was to be discussed Wednesday at a government meeting chaired by Deputy Prime Minister Alexander Zhukov.
At one of the recent government meetings, Mikhael Fradkov asked Gref to speed up the preparation of the documents necessary for creating the investment fund.
It had been previously announced that around $2.1 billion would be allocated for the investment fund, as a result of the raised oil cut-off price for the stabilization fund and funds saved due to early debt repayments.
Money from the investment fund will be used for large infrastructural projects, such as roads, ports, and airports.
