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Russia's fixed capital investment to grow in 2005, 2006 -- minister

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MOSCOW, September 22 (RIA Novosti) - Russian Finance Minister Alexei Kudrin told parliamentarians Thursday that fixed capital investment is expected to reach $100 billion in 2005.

In 2006, fixed capital investment is expected to grow 20%-30% year on year, reaching $120-$130 billion, he said.

"This means [construction of] hundreds of new industrial plants, including some in leading high-technology sectors," the minister said.

According to the Federal State Statistics Service, fixed capital investment in 2004 totaled $96 billion.

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