Renaissance Capital and Australia’s Macquarie Group on Saturday announced the establishment of the first major infrastructure fund for Russia and the CIS as the government plans investments of $1 trillion into upgrades of facilities such as ports, railways, roads and airports.

The first investors into the fund, which aims to raise $1 billion to $1.5 billion, are the state-owned Development Bank, the Eurasian Development Bank, or EDB, co-owned by the Russian and Kazakh governments, and Kazyna Capital Management, a Kazakh-based firm, Renaissance said in a statement.

Full Story...

Posted by boyang at June 10, 2008 3:50 PM