Russia will take from private infrastructure development.

Federal Service for Financial Markets (FCSM) and the Ministry of Finance introduced the concept of infrastructure bonds, under which the State will provide the guarantee. The statement was made head of the Federal Financial Markets Service Vladimir Milovidov, writes Vedomosti.
Expected that the infrastructure bonds will help the State finance infrastructure development, which is budgeted at the federal and regional levels is not sufficient. A bill to issue such an instrument, which in November 2008, instructed to write the Prime Minister of Russia Vladimir Putin, in FSFM plans to prepare by July 2009.
Expected that the infrastructure bonds in the amount of 5 billion rubles will be issued for a period of 5 to 25 years. The main investors are pension funds, insurance companies and other conservative investors, because the interest rate on bonds will be in the region of 13 per cent. Experts interviewed by the publication, noted that the yield on bonds will be lower than rates on deposits in banks, which significantly reduce the demand for these securities from investors.
In particular, the bonds will be issued for the construction of transport infrastructure, utilities and energy facilities. Issuers will be a specially created joint-stock companies with the share of private capital, and natural monopolies. For instance, Transneft and Russian Railways. Under the bond issue the state will provide a guarantee.
Such bonds will be in demand, especially at the municipal and regional levels.
Earlier, Minister of Regional Development Viktor Basargin said that Russia is 10 per cent of towns and districts where the situation during the economic downturn continues to be stable. At the half of Russian cities and regions of the economic downturn has already affected a large extent. In terms of reducing demand for the products of Russian companies especially affected those regions that produce oil, gas, metals and other export goods.
As a result, the federal government was compelled to adopt the budget deficit, although it does not matter to decrease the budget. Regional authorities often sekvestiruyut spending their budgets.