VEB.RF, Gazprombank and Perspective Technologies Development Center (PTDC) Sign Loan Agreement to Finance Marking and Labelling System
Today VEB.RF, Gazprombank, and Perspective Technologies Development Center Operator, subsidiary of PTDC, signed heads of a loan agreement to finance a project aimed at developing a national digital goods marking, labelling and traceability system during the Saint Petersburg Economic Forum.
The heads of agreement were signed by Nikolay Tsekhomsky, VEB.RF’s First Deputy Chairman and Member of the Management Board, Alexey Belous, Gazprombank’s Deputy Chairman of the Management Board, and Mikhail Dubin, Perspective Technologies Development Center’s Chairman of the Board.
The project is implemented under Federal Law No. 224-FZ “On Public-Private Partnership”. The project will be financed via a syndicated loan in line with the rules of the Project Financing Factory (PFF). The total amount of facilities granted by the syndicate is up to RUB24.2bn, including VEB.RF and Gazprombank commitments in the amount up to RUB8.7bn and RUB15.5bn respectively.
“We are witnessing a significant market’s interest in the Project Financing Factory. The Marking, Labelling and Traceability System will become the first digital technologies and platform services project financed via VEB.RF syndicate with Gazprombank through the PFF’s mechanism,” said Nikolay Tsekhomsky.
“A future Marking, Labelling and Traceability System will make it possible to control commodity markets and ensure protection of consumers’ rights to the fullest extent. The public-private partnership mechanism will make it possible to ensure the most efficient use of public funds invested into the system,” Alexey Belous, Gazprombank’s Deputy Chairman of the Management Board, commented.
“The project is a public-private partnership financed by PTDC’s shareholders; in this format the government can reach the goals without spending public funds; the system will be implemented faster; the responsibility will be vested into a single entity. At the same time the government keeps all the control functions. The cooperation with VEB.RF and Gazprombank enhances the project’s financial efficiency,” Mikhail Dubin, Perspective Technologies Development Center’s Chairman of the Board, said.
Russia intends to implement an integrated Marking, Labelling and Traceability System by 2024. The system will cover a wide range of goods. Today the agreement on the public-private partnership features 13 groups of goods: furs, dairy products, tobacco products, pharmaceuticals, perfume and eau de toilette, tires, five categories of consumer goods, shoes, photo cameras and flash equipment.
The Perspective Technologies Development Center was created for the implementation of digital economy large scale projects. PTDC provides expertise and technological infrastructure for these projects. PTDC Operator, a subsidiary of the Center, was designated as the operator of the Federal Information System for Monitoring of Trade of Goods subject to Mandatory Marking and Labelling (Government Resolution No. 620-r). PTDC is developing the Russian National Integrated Digital Goods Marking, Labelling and Traceability System. Honest Quality Mark System will bring transparency to the commodity markets and create a comprehensive system for goods quality and authenticity control. This technology efficiently counters illegal goods, protects consumers and honest businesses. PTDC also participates in the development of the EEC’s supranational digital platform, organizes manufacturing of marking and labelling equipment, develops the National Goods Catalogue, manufactures fiscal memory devices for on-line cash registers.
VEB.RF and ROSATOM Agree on Support of Urban Infrastructure Development Projects under Smart City Program
VEB.RF and the State Corporation ROSATOM signed an agreement to provide guarantee support to urban infrastructure development projects under the Smart City program during the Saint Petersburg International Economic Forum. The document was signed on behalf of VEB.RF by its Deputy Chairman Daniil Algulyan and on behalf of ROSATOM by its Financial Director Ilia Rebrov.
The parties agreed to cooperate in the implementation of housing and utilities investment projects in cities and towns with ROSATOM’s presence. Priority will be given to the projects aimed at implementing cutting edge digital technologies in the management of urban business processes, including the development of IT solutions, data bases, and data centers.
VEB.RF is ready to provide guarantee support for implementation of investment projects under Smart City, Smart Water and Waste Treatment, Smart Heating programs. Bank guarantees will secure the obligations of a concession participant to carry out design, development or reconstruction activities stated in the concession agreement.
“One of the key areas of VEB.RF’s business is the financial support of urban infrastructure development projects implemented inter alia through a public-private partnership. VEB.RF uses different financial instruments to participate in such projects. One of the instruments is a concession guarantee. A concession guarantee is issued to secure a concession participant’s (private) obligations under the agreement to the concession provider (public). Together with ROSATOM, we have selected urban pilot projects, including projects in single-industry municipalities, which can benefit from this type of guarantee,” Daniil Algulyan said.
“ROSATOM aims at creating comfortable and convenient modern urban environment for the citizens, businesses and authorities in towns and cities with and without our presence. We are also seeking affordable financing mechanisms for these processes. One of the financing instruments for digitalization and IT projects is a concession agreement. The arrangement with VEB.RF will make it possible to transition to meaningful action in this area of business,” Ilya Rebrov commented.
Rusatom Infrastructure Solutions LLC, a subsidiary of ROSATOM in charge of the Smart City development, will design and implement urban environment digitalization projects.
ROSATOM has begun the roll-out of LEAN SMART CITY technologies in cities with its presence. LEAN SMART CITY is aimed at enhancement of municipal management efficiency, reduction of losses, time saving, resources economy, grass roots initiatives, and quality of life improvement. ROSATOM’s best practices combined with training of participants in LEAN SMART CITY principles and approaches grant the most efficient approach to cities and towns digital transformation, open opportunities for a step-by-step expansion of smart city services based on regional and urban strategic goals and needs.
A LEAN SMART CITY pilot project was implemented in Sarov (Nizhniy Novgorod Region). This project is a part of UN-Habitat sustainable development best practices.
The State Corporation ROSATOM brings together more than 300 enterprises and scientific organizations, including all civil Russian nuclear companies, nuclear weapon industry, research centers and the world’s only nuclear icebreaker fleet.
Rosatom is the largest power generation company in Russia, accounting for 18.7% of the country’s total generation of electricity.
ROSATOM is one of the global nuclear technology leaders.