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On Agreement between Vnesheconombank the Nizhny Novgorod Region Government

14 april 2009 года
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Today, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Government of the Nizhny Novgorod Region entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the Nizhny Novgorod Region Government – by Governor, Chairman of the Government Valery Shantsev.

This Agreement aims to establish strategic partnership and promote long-term, effective and mutually beneficial cooperation between the parties in the investment activity.

Under the Agreement the parties are determined to cooperate in raising funds to finance investment projects scheduled to be implemented on the territory of the Nizhny Novgorod region. A list of investment projects is to be made annually on the basis of the Strategy of the Nizhny Novgorod Region Development up to 2020.Projects in construction materials manufacturing, electro-steel production, agriculture and industrial infrastructure are considered to be top-priority ones.

The parties are also determined to explore the possibility of providing financial assistance to the region’s small and medium-sized business.

The implementation of this Agreement would help address high-priority objectives of the region’s socio-economic development and boost its industrial, socio-economic and infrastructure potential.

In accordance with the Memorandum on Vnesheconombank’s Financial Policies, support for investment projects aimed at addressing high-priority objectives of regional socio-economic development, power engineering and transport infrastructure, boosting natural resources utilization efficiency are top priority lines of the Bank’s investment activity. As of today, the Bank signed 33 agreements on cooperation with administrations and governments of Russian regions.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-83, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru


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