Project worth 127 billion rubles to be implemented in Dagestan

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Makhachkala, November 30, 2016. During the international conference on investment and railway pricing, Dagestani Head Ramazan Abdulatipov told about the way Dagestan intends to fit into the global transport network.

As informed, a project of the Caspian transport - logistical complex had already been developed. The cost of the project is estimated at 127 billion rubles. Through negotiations, the investors from several countries will allocate most of the funds. The challenge is to ensure the most efficient movement of goods from the countries of the Persian Gulf and South Asia to Europe.

The republic will additionally get a major industrial base. The project has been approved by the Russian leadership and supervised by the Russian Ministry of Transport and the Ministry for Affairs of the Northern Caucasus.

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