Investments in Russian tourism industry in 2016 to amount to 16 billion rubles

The total volume of investments in the Russian tourism industry in 2016 may reach 16 billion rubles, the head of the Federal Tourism Agency, Oleg Safonov, informed.

"In 2015, 4 billion was allocated by the state. The actual co-investment was at the level of about 4 rubles for every ruble invested in the framework of Federal Target Program. More than 12 billion rubles was attracted as extra-budgetary money resources. And for this year, we have the sum, (from state budget) set at 4 billion rubles," RIA Novosti quoted him as saying.