Today, on November 30, in the course of Russian Prime Minister Victor Zubkov’s working visit to Canada, The State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”and Export Development Canada (EDC) entered into an Agreement on Cooperation.
The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and EDC Senior Vice President Benoit Daignault and Regional Vice President Klaus Buttner.
Under the Agreement the two sides are determined to carry out investment projects, promote trade ties between Canada and Russia and expand cooperation in supporting the export of Russian and Canadian goods and services to third countries.
The Agreement provides for allowing for making arrangements for mid and long-term financing of projects, extending guarantees and insuring political and commercial risks. The two sides give top priority to projects in power engineering, coal mining, shipbuilding, aircraft construction and infrastructure projects as well as in environment protection projects.
This Agreement aims to promote stable economic and financial ties between Russia and Canada.
Export Development Canada is Canada’s official export credit agency designed to promote the export of Canadian goods, services and technologies. EDC cooperates with 6400 exporter companies represented in more than 200 countries in the world.
Origin: Vnesheconombnak Press Office
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
Presentation of Russian Road Projects Organized by Vnesheconombank in London
LONDON, November 21. /PRIME-TASS/. Russian Transport Minister Igor Levitin told British investors on Tuesday about the Russian Transport Infrastructure Development Program at the special presentation of Russian road projects organized in London by Vnesheconombank.
Mr. Levitin is quoted by ITAR-TASS as saying that the transport infrastructure remains to be a most promising and dynamically growing segment in the world investment market.
The Transport Minister said about the Russian authorities’ intention to raise private capital to carry out major projects associated with expanding the road network in the Russian Federation including the building of high-speed motorways. These include the building of a motorway between Moscow and Saint Petersburg. Representative of the European Investment Bank Mark Leistner stated his intention to participate in the last project and he said that he was sure that his financial institution was ready “to make a substantial contribution to implementing Russian private-public partnership projects.”
The initiatives proposed by the Transport Ministry are based on the provisions of the state program of transport development up to the year 2030, which was discussed in detail at the meeting of the State Council Presidium in Krasnoyarsk. They also discussed the investment development program up to the year 2012. The program provides for making investments in Russia’s transport infrastructure in the amount of more than 600 billion dollars.