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Vnesheconombank Signs Agreement with China State Development Bank and Krasnoyarsk Territory Administration

26 march 2007 года
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Today, on March 26,in the course of China’s Chairman Hu Jintao’s state visit to Russia, Vnesheconombank, the China State Development Bank and the Administration of the Krasnoyarsk Territory signed an agreement on promoting investment.

 The Agreement was signed by VEB Chairman Vladimir Dmitriev, Bank of China Vice-Chairman Wan Yi and Krasnoyarsk Territory Governor Alexandr Khloponin.

The Agreement aims to establish strategic partnership, promote long-term, effective and mutually beneficial cooperation as well as step up efforts to attract credits to finance investment projects in the Krasnoyarsk Territory.

Under the Agreement, at the initial stage cooperation will focus on projects in construction industry, construction of housing and social facilities, modernization of power engineering facilities and housing and communal services, transport infrastructure, development of mineral deposits, oil and gas refining, agriculture, food processing industry, logging and timber processing as well as on projects in financial and service sectors.

The Agreement is of great practical significance as it makes it possible to use resources of the China State Development Bank and its best practices in attracting credits to finance infrastructural projects to develop the economy of Russia’s regions.

 

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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