Tuesday, 02 January 2024 12:17 GMT

Russia Plans to Commit USD2.3B to High-Tech Border Overhaul


(MENAFN) Russia plans to invest close to 180 billion rubles—approximately 2.3 billion U.S. dollars—over the next three years to modernize border checkpoints nationwide, Prime Minister Mikhail Mishustin announced Monday.

During his visit to the Kanikurgan automobile border checkpoint in the Amur Region, Mishustin outlined the scope of the initiative, noting that the funding will go toward constructing, refurbishing, and outfitting border facilities with cutting-edge digital and technological infrastructure.

"A large-scale effort is underway nationwide to improve cross-border logistics," Mishustin stated. "As part of the current three-year federal budget cycle, we will direct nearly 180 billion rubles to develop and modernize border checkpoints."

He also revealed that more than 25% of existing border checkpoints will undergo upgrades within the next five years. "These are priority locations in terms of current and projected trade flows," he said. "In the Far Eastern Federal District alone, over 30 checkpoints are scheduled for upgrade."

The announcement marks a major push to streamline border operations and enhance Russia’s trade infrastructure, aligning with broader federal logistics strategies.

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