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World Bank Opens $100 mln Credit Line for Russian Technoparks

The World Bank has opened a $100 million credit line to finance a development program for technoparks in areas of high technology in Russia.

The World Bank has opened a $100 million credit line to finance a development program for technoparks in areas of high technology in Russia, Information Technology and Communications Minister Leonid Reiman said at a press conference in Moscow on Friday.

Reiman said $20 million had already been received for the creation of a technopark in St. Petersburg on the core of the Bonch-Bruevich Telecommunications University.

The program envisions the construction of seven technoparks in high technology, namely in Tomsk, Novosibirsk, the Moscow region and Kazan, although this list is to be expanded.

Source: Interfax


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  Date of issue: 20.06.2006  

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