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Printed from: http://petersburgcity.com/news/business/2002/07/25/dam/ Business news, 25.07.2002 13:43 USD 420 Million Needed for St. Petersburg Dam Construction![]() According to Markosov, Russia will pay 17-20% of the total cost of construction. The remainder will be paid on credit from the European Bank of Reconstruction and Development (EBRD), the Northern Investment Bank et al. 'Talks are currently underway with several potential creditors. Construction will begin when all the money has been collected and all financial sources are confirmed, so as to keep the construction period as short as possible', Markosov said.
News source: rosbalt.com
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