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Investment Program Issue with Russia was Discussed in Abkhazia

2019 / 03 / 15

On March 15, 2019, in the de facto Republic of Abkhazia, working group of the Ministry of North Caucasus Affairs of the Russian Federation held another meeting to discuss implementation of investment programs supporting the socio-economic development of Abkhazia. Similar meeting was held on March 14 as well.

Abkhazian party talked about the results of the regional inspection and the ongoing construction projects within 2017-2019 investment programs. The parties exchanged views on the rules, which will regulate relations within the framework of investment programs implementation between the state agencies of Russia and Abkhazia. Regulation project is expected to get adopted at the 18th Intergovernmental Commission meeting.

At the meeting, the parties discussed 2020-2022 Investment Program project and prioritized energy system restoration and transport network development as the main directions. Half a billion Ruble is planned to allocate for energy system overhaul and construction of new ones. One billion Ruble will be allocated for 200 km length road pavement. Engineering communication projects and socio importance facilities construction is planned for 2020-2022. At the end of the meeting was discussed funding fight against Asian Bug spread in Abkhazia. 

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