Today on July, Vnesheconombank and the Republic of Bashkortostan signed an Agreement on Cooperation to carry out the project “Infrastructure Support for the Ufa Urban District Comprehensive Development.”
The Agreement was signed by VEB Chairman Vladimir Dmitriev and President of Bashkortostan Murtaza Rakhimov.
This Agreement aims to establish strategic partnership, promote long-term cooperation and organizational interaction, work out mechanisms for investment and banking services, coordinate the two parties’ efforts in carrying out this project intended for the socio-economic development of the city of Ufa, specifically, for building the city’s infrastructure.
Under the Agreement the two sides are determined to make joint efforts to carry out this project using mechanisms of public and private partnership and, among other things, using resources of the Russian Investment Fund in the following sectors: housing and industrial designing and construction, the transport system development including building motorways, constructing and reconstructing water supply and water diversion systems, building power grids and housing and communal services facilities.
The Agreement provides for the Republic’s Government to assist in coordinating efforts made by republican executive authorities to create favorable conditions for implementing this project, ensuring its financing and support from the state.
At the same time, there are plans to establish the Ufa development corporation for the comprehensive development of the said Ufa urban district, with an appropriate land area being provided. Both the Government of the Republic and Vnesheconombank will render assistance in establishing this corporation.
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
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