RDIF Launches US$8.39 billion Infrastructure Investment Fund
Russia’s State Owned Russian Direct Investment Fund (RDIF) is launching an infrastructure fund with available finance to 600 billion rubles (US$8.39 billion), RDIF CEO Kirill Dmitriev said on Wednesday.
“This fund will assist the implementation of many low-gain projects thanks to funding their infrastructure, but private investors will provide a major portion of the money. RDIF partners plan to continue active investment into the Russian economy despite the external turbulence. They see that we have unique macroeconomic conditions and a very low debt level, compared to the global debt level. Investors confirm their desire to invest, and they see that Russia has overcome many tough situations previously and will overcome this situation as well.” Dmitriev concluded.
RDIF was established to make equity co-investments, primarily in Russia, alongside international strategic and financial investors. Since 2011, it has successfully implemented more than 80 projects totaling more than 1.7 trillion rubles. These include joint funds with China and India, with many linked to the Belt & Road Initiative programme.
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