Moscow will allocate 60 M RUR to carry out innovative development forum

Moscow will allocate 60 M RUR to carry out innovative development forumMoscow authorities plan to spend 60 M RUR to hold the international innovation development forum that will take place in the capital from October 31 to November 2, said Vera Chistova, the head of Moscow Department of Finance on Monday at a meeting of budgetary committee in Moscow City Council.

The bill provides for amendments to the state program of the Moscow city Stimulating economic activity in 2012-2016 in terms of redistribution of funds in the amount of 60 M RUR for compensation of expenditure of non-profit organization and organizer of Moscow International Forum of Innovation Development – the Forum of Nanotechnologies Fund - said Chistova.

She added that the Forum of Nanotechnologies Fund is in the process of re-registration to become The Foundation of innovation.

According to the Chistova, the forum will be held in Moscow from October 31 till November 2.

She noted that it also necessary to reallocate budget allocation in the amount of 2.1 B RUR to repair health facilities under the contract with Medproektremstroy.
According to her, 1.168 B RUR of that amount is planned to be channeled for rebuilding of health care facilities, and 934.9 M RUR for routine maintenance - RIA Novosti reported.