Tomtor Rare-Metal Deposit to Receive VEB.RF’s Bridge Loan

4 september 2019 года
#News
Back

VEB.RF will provide financing for obtaining initial permits and design documents for the rare-earth metal and niobium extraction and processing project in the Tomtor rare-metal deposit, one of the largest in the world. VEB.RF, Vostok Engineering and Krasnokamensk Hydrometallurgical Plant entered into loan agreements during the Eastern Economic Forum.

The document was signed on behalf of VEB.RF by its First Deputy Chairman and member of the Management Board Nikolay Tsekhomsky and on behalf of Vostok Engineering and Krasnokamensk Hydrometallurgical Plant by Krasnokamensk Hydrometallurgical Plant’s CEO Alexander Zarubin.

“The loans of 1.5 billion roubles will be used to finance the expenses associated with obtaining initial permits, preparing design and estimate documents, and doing engineering work for equipment intended for the mining and processing facilities. We are confident that VEB.RF’s participation in this project will contribute to the creation of a competitive domestic rare-earth metal industry with a full process cycle, meeting the needs of the defence and non-defence industries, and will help to gain entry into foreign markets,” Nikolay Tsekhomsky said.

The Tomtor rare-earth metal deposit is located in the north-west of the Republic of Sakha (Yakutia) and is one of the largest in the world. The deposit has considerable reserves of niobium and rare-earth metals.

Vostok Engineering, a subsidiary of ThreeArc Mining, was founded to develop the Tomtor deposit and licenced to develop the Buranny section, whose reserves are ready for commercial development.

Ore processing will be done at a unique facility, Krasnokamensk Hydrometallurgical Plant (a subsidiary of ThreeArc Mining), in Krasnokamensk, Trans-Baikal Territory.



Back

New Airport Terminal Opened by Vladimir Putin in Khabarovsk

4 september 2019 года
#News
Back

On 4 September, during the Eastern Economic Forum, Russian President Vladimir Putin held a teleconference to open a passenger terminal for domestic airlines at Khabarovsk International Airport.

“The new terminal with an area of more than 27,000 square metres will annually provide high-end services for 3 million passengers. The investments totalled 5 billion rubles, including 3.9 billion of borrowings from VEB.RF and the FEDF,” Chairman of the Board of Directors of Khabarovsk Airport Konstantin Basyuk said. “The terminal is ready to meet the growing demand for air transport in the Far East for and ensure safety and high-quality service for passengers and airlines. I recommend that the airport terminal should be put into operation now!”

“With financial support from VEB.RF and the Far East Development Fund, one of the largest airport projects in the Far East received funding, the Khabarovsk project. This is a very significant project. A project that will enable the development of domestic airlines, specifically in Far East, and inter-regional transport. There are plans to build an international terminal. We are potentially ready to consider the possibility of financing it. VEB.RF has an adequate competency in financing the construction and rehabilitation of airports,” VEB.RF’s First Deputy Chairman and member of the Management Board Nikolay Tsekhomsky said. From 2006 to 2019, VEB.RF has provided financing for nine projects for the construction and rehabilitation of airports with VEB.RF’s total commitment of more than 76 billion roubles. VEB.RF and commercial banks are currently considering several projects for the construction and modernisation of nine more regional airports, totalling about 44 billion roubles.

The construction of the new passenger terminal for domestic airlines started in March 2018. The project was carried out in the Khabarovsk advanced development zone. The terminal was designed by German companies ASSMANN BERATEN + PLANEN and WP ARC. The general contractor was Turkey’s LimakMaraschStroy. The technical employer was DBC Consultants. The new terminal for domestic airlines is equipped with three jet bridges, 12 elevators for various purposes and seven escalators. The terminal is technologically compliant with modern international and domestic standards and meets the requirements for passengers with mobility impairment.


Back

VEB.RF, Sberbank and Gazprombank to Provide Financing for One of the World’s Biggest Gold-Copper Deposit in the Khabarovsk Territory

4 september 2019 года
#News
Back

During the Eastern Economic Forum, VEB.RF, Sberbank, Gazprombank and Russian Copper Company signed a memorandum of cooperation. The parties agreed to explore the possibilities of financing the development of the Malmyzh ore deposit and the Severny Malmyzh sector in the Khabarovsk Territory and the construction of a mining facility.

The document was signed by VEB.RF’s First Deputy Chairman and member of the Management Board Nikolay Tsekhomsky, Sberbank’s Vice President and Director of the Key Client Department Alexey Grenkov, Gazprombank’s Deputy Chairman of the Management Board Alexey Belous and Russian Copper Company’s Vice-President for Finance Maksim Shchibrik.

The project is implemented by Amur Minerals (part of Russian Copper Company) in the Amursky and Nanaysky Districts of the Khabarovsk Territory.

“The facility’s operation will be focused on export to Japan, China, South Korea and other countries. The transaction can be implemented with our partners, commercial banks involving the Project Financing Factory, operated by VEB.RF. This mechanism means that the government provides a subsidy to offset the growing key rate for all tranches of the partner banks over the entire loan term. In addition, the Far East Development Fund (part of the VEB.RF Group) will give 7 billion roubles of low-interest and long-term debt financing,” Nikolay Tsekhomsky said.

“The Malmyzh copper deposit is the Russian Copper Company Group’s third largest copper project, which will receive financing from Gazprombank. Our joint history clearly shows stable, extensive and continuous cooperation between Gazprombank and Russian Copper Company. The financing provided by the Project Financing Factory will help us to complete such a large and expensive project,” Gazprombank’s Deputy Chairman of the Management Board Alexey Belous commented.

Sberbank’s Vice President and Director of the Key Client Department Alexey Grenkov said: “This project will contribute to the region’s economic development and create thousands of jobs. The memorandum additionally demonstrates the intention of the lenders and the company to complete the transaction and give detailed consideration to financing for the construction of a mining facility in the world-class Malmyzh gold-copper deposit.”

Russian Copper Company’s Vice-President for Finance Maksim Shchibrik said: “The commercial resources of the Malmyzh deposit are estimated at 5.156 million tonnes of copper. We have plans to build a mining facility for 56 million tonnes of ore per year. It will have the highest performance in the country. The interest shown by Russia’s leading financial institutions in our project means a positive assessment of the Russian Copper Company Group’s development strategy. With over 15 years of work, we have unique experience in our country in the construction of modern, efficient and environmentally friendly mining facilities.”



Back

VEB.RF to Provide Financing for Blagoveshchensk Airport Rehabilitation Project

4 september 2019 года
#News
Back

VEB.RF, the Amur Region Government and the Far East Development Fund (FEDF) agreed to carry out the project to rehabilitate Blagoveshchensk International Airport. The agreement was signed during the fifth Eastern Economic Forum in Vladivostok. The investments will total 3 billion roubles.

The document was signed on behalf of VEB.RF by its First Deputy Chairman Nikolay Tsekhomsky, on behalf of the Amur Region Government by Governor Vasily Orlov and on behalf of the FEDF by its CEO Alexei Chekunkov.

“The airport rehabilitation has been an important issue in recent years. Air traffic through Blagoveshchensk has grown considerably, with passenger traffic increasing 10 times. Moreover, the international terminal can take no more than 80 passengers per hour. This holds back the development of international transport in the region. The airport rehabilitation will improve passenger service quality and increase passenger traffic,” Nikolay Tsekhomsky said.

It is intended that the rehabilitation will increase the airport’s passenger traffic 2.5 times, expand its international air traffic to 250,000 passengers, separate the flows of departing and arriving passengers, and reduce the time of passenger service and departure. The Blagoveshchensk Airport project is under the Russian national programme “Transport System Development”.

“The new modern air terminal close to China will provide a significant incentive for the development of tourism and economic cooperation between the two countries.,” FEDF CEO Alexei Chekunkov said.

VEB.RF pays great attention to infrastructure development in Russian regions, especially the Far East. Built with financial support from VEB.RF and the Far East Development Fund, a new passenger terminal for domestic airlines will begin operation at Khabarovsk Airport. The development institutions invested 3.9 billion roubles in the project. VEB.RF provided financing for the construction of Vladivostok Airport and has plans to take part in the modernisation and construction of the airport infrastructure at Blagoveshchensk and Urengoy.

“After signing the concession agreement to rehabilitate Blagoveshchensk Airport, we will face the issue of raising funds for the implementation of the project. This issue is faced by many regions. The agreement that we have just signed will help the investor to get financing for the rehabilitation of the airport,” Amur Region Governor Vasily Orlov said.

Back

VEB.RF to Finance Rehabilitation of Yakutsk Airport’s International Terminal

4 september 2019 года
#News
Back

During the Eastern Economic Forum in Vladivostok, VEB.RF, the Government of the Republic of Sakha (Yakutia), the Far East Development Fund (FEDF) and Yakutsk Airport signed the memorandum of cooperation to carry out the investment project to rehabilitate the international terminal of Yakutsk Airport. The project value is estimated at 1.4 billion roubles.

The document was signed by First Deputy Chairman – Member of the Management Board Nikolay Tsekhomsky on behalf of VEB.RF, Prime Minister Vladimir Solodov on behalf of the Government of the Republic of Sakha (Yakutia), CEO Alexei Chekunkov on behalf of the FEDF and CEO Sergey Ignatenko on behalf of Yakutsk Airport.

“Financing for infrastructural projects, including the construction and rehabilitation of terminals of large airports, is high on VEB.RF’s agenda. On completion of the project, the airport will reach a new level: an expanded geography of international flights and new airlines involved,” Nikolay Tsekhomsky commented.

When the international terminal is built, its passenger traffic will increase from 30,000 to 100,000. The final rehabilitation stage is scheduled for 2021.

“The existing terminal was built nearly a quarter of a century ago and has ceased to meet any modern requirements. The airport is, however, of strategic importance in the context of air travel in the Far East, Siberia, and Asia-Pacific. There’s a reason that Asian investors are already interested in the project. In addition, the rehabilitation of the international airport will contribute to the development of regional tourism-oriented business,” FEDF CEO Alexei Chekunkov said.

VEB.RF pays great attention to infrastructure development in Russian regions, especially the Far East. Built with financial support from VEB.RF and the Far East Development Fund, a new passenger terminal for domestic airlines will begin operation at Khabarovsk Airport. The development institutions invested 3.9 billion roubles in the project. VEB.RF provided financing for the construction of Vladivostok Airport and has plans to take part in the modernisation and construction of the airport infrastructure at Blagoveshchensk and Urengoy.

Yakutsk Airport is the largest international airport located in the permafrost area. It is used to test new aircraft at low temperatures and is an emergency airfield for the refuelling and maintenance of polar and Siberian international flights. The airport is also used for regular direct flights to Moscow, Saint Petersburg, Novosibirsk, Vladivostok, Blagoveshchensk, Krasnoyarsk, Irkutsk, Novosibirsk, Yekaterinburg, Khabarovsk, Ulan-Ude, Harbin, Beidaihe (China), Seoul (South Korea), Kamran (Vietnam) and Krabi (Thailand)

Back

Электронный офис клиента в разработке

Закрыть
Write a letter
The following required fields are missing: Your name
The following required fields are missing: Your e-mail
The following required fields are missing: Your message
Your message has been sent.
Leave feedback

It is important for us to know your opinion about the bank in order to make our work even better.

The following required fields are missing: Your name
The following required fields are missing: Your company
The following required fields are missing: Your e-mail
The following required fields are missing: Your message
Your message has been sent.