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Russia May Spend Up to $32 Billion on Irrigation After Drought

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Dec. 7 (Bloomberg) -- Russia may spend as much as 1 trillion rubles ($32 billion) to repair and install irrigation systems by 2020 after a record drought this year, Rossiyskaya Gazeta said, citing a plan drafted by the Agriculture Ministry.

The plan would improve watering systems on about 12 million hectares of farmland, the government’s official newspaper said. The ministry is proposing an alternative program that would cost 851 billion rubles and cover 10.3 million hectares, Rossiyskaya Gazeta said.

The ministry is seeking to boost the harvest by 10.5 million metric tons of grains, including rice, on the irrigated land, the newspaper said.

Story link: {NSN LD1NZ06S972B<GO>}

To contact the reporter on this story: Ilya Khrennikov at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net