Agreement between Vnesheconombank, Russian Transportation Ministry and Krasnodar Region Administration Signed
Today,on September 22, in the course of the Fourth International Investment Forum “Sochi 2007” the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, the Russian Transportation Ministry and the Krasnodar region Administration signed an Agreement on Cooperation in carrying out transportation development projects on the territory of the Krasnodar region implemented within private public partnership.
The Agreement aims to establish long-term and effective cooperation in working out mechanisms and schemes for financing projects in the transportation infrastructure development on the territory of the Krasnodar region implemented within public private partnership. This involves, among other things, the project to design and build a toll motorway “Krasnodar-Abinsk-Kabardinka with a total length of 147.4 kilometers and a total investment requirement in the amount of at least 117 billion rubles.
Implementation of the Agreement would boost theKrasnodar region’s socio-economic development, help build modern transportation infrastructure, improve the environmental situation in the region and promote the development of tourist and resort areas.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
Today, on September 21, in the course of the Fourth International Investment Forum “Sochi 2007” the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” entered into an Agreement on Cooperation.
The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and Stavropol region Governor Alexandr Chernogorov.
Under the Agreement the two sides are determined to promote long-term and mutually beneficial cooperation. The Document provides for working out schemes for raising funds to finance investment projects carried out in the territory of the Stavropol region.
Under the Agreement Vnesheconombank will explore opportunities for financing projects using its own funds as well as funds of international financial institutions and conduct expert examination of foreign banks’ proposals.
The two sides have also agreed to assist each other in arranging and holding meetings, organizing business trips and other events associated with carrying out joint projects.
The Agreement signed, demonstrates Vnesheconombank’s intention to invest funds in the real sector of the Russian economy and promote the region’s socio-economic development.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34