France to invest in North Caucasian resorts

 

The French State Bank or Caisse des Depots et Consignations is going to cooperate with the Resorts of the North Caucasus corporation and invest in the development of North Caucasian resorts, RIA Novosti reports.

The corresponding document was signed today in the presence of Russian President Dmitry Medvedev.

The aim of the agreement is to provide the region of the North Caucasus with proper investment on the eve of the Sochi 2014 Olympic Games.