Russia’s Maritime Investment Plan

Russia has outlined it’s procurement plan, valued at USD42 billion, that is intended to revitalise the national naval and commercial marine sectors up to 2030.

Russia outlines USD42 billion naval and maritime redevelopment plan

By Peter Dunai and Guy Anderson

Russia has outlined a procurement and industrial development plan valued at USD42 billion that is intended to revitalise the national naval and commercial marine sectors up to 2030.

The programme encompasses naval and commercial shipbuilding plus significant investment in national industrial capacity and modern technologies, notably to allow Russia to rebuild naval power and to exert control in the Arctic and Far Eastern regions.

The investment will be made during three phases between 2013 and 2030 and follows comparable investment in areas such as aerospace, missile defence technologies, and military electronic industries.

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Source: IHS.

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