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Vnesheconombank and the Primorsky Territory to Cooperate in the Investment Activity

8 september 2012 года
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In the course of the APEC 2012 Business Summit in the city of Vladivostok State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Administration of the Primorsky Territory entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the Administration – by Governor Vladimir Miklushevsky.

The Agreement aims to establish strategic partnership and promote long-term and effective cooperation in the investment activity.

Under the Agreement the parties intend to cooperate in working out proposals for funding investment projects to be implemented among other things on the terms of public private partnership as well as develop mechanisms for their implementation, cooperate in preparing project conclusions and participate in providing financial support for small and medium-sized enterprises.

The parties give high priority to projects in the economic innovative sector, developing an automotive cluster as well as projects aimed at developing infrastructure of the Primorsky Territory and at the comprehensive development of territories.

This project’s implementation would help to address top-priority objectives of the Primorsky Territory’s socio-economic development and enhancing its economic and industrial potential.

By now, Vnesheconombank’s corporate governance bodies have approved the Bank’s participation in funding 3 investment projects to be implemented in the Primorsky Territory as well as in one investment export-promotion project. The total value of all projects is 12.7 billion rubles, with Vnesheconombank’s participation share being 7.8 b billion rubles. These investment projects’ implementation is expected to create more than 300 jobs. A budgetary effect will amount to more than 4.2 billion rubles.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

 
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