Budget investment in Russia's Altai airports seen at 1 bln rbl

Federal and regional budget investments in the reconstruction of two small-scale airport complexes in the constituent republic of Altai are expected to amount to 1.082 billion rubles, according to a statement released on the Web site of the republic's government Monday, as cited by RIA Novosti.

Of the total, 560.8 million rubles are to be spent on the reconstruction of the Ust-Koks airport complex, including 301.8 million rubles from the federal budget, while 521.0 million rubles are to be spent on the reconstruction of the Kosh-Agach airport complex, including 279.6 million rubles from the federal budget.

Timelines for the projects have yet to be set.

(31.2879 rubles - U.S. $1)