North Caucasus Federal District projects may receive additional government funding

North Caucasus Federal District  projects may receive additional government funding

The Industrial Development Fund (IDF) plans to increase the share of co-financing of projects in the regions of the North Caucasus Federal District (NCFD) to 90%, Deputy Prime Minister of the Russian Federation, head of the Ministry of Industry and Trade Denis Manturov said today.

"In general, a decision will be made on the North Caucasus region, bearing in mind the proportion of 10 to 90%," Manturov said at the opening of a gypsum plasterboards production line in Karachay-Cherkessia, Interfax reports.

Such proportions of co-financing are already in place in the Far Eastern Federal District, in Crimea and Sevastopol, Manturov recalled.

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