The State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank) received funds in the amount of 180 billion rubles from the Russian Finance Ministry as a property contribution in monetary terms to the Bank’s authorized capital.
The funds were transferred to the Bank in execution of Federal Law N 82-FZ “On the Bank for Development.” Under the Law the Bank for Development’s authorized capital is to be formed within 6 months since the date of its state registration.
The Bank for Development was registered with the State Registration Chamber under the Russian Justice Ministry on June 8, this year.
Origin: Vnesheconombank Press Office
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975- 21-34
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.