On the first meeting of the Coordinating Council of the joint project of Vnesheconombank and UNDP ‘Development of public-private partnership in Russia’

22 july 2010 года
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On July 22, the first meeting of the Coordinating Council of the joint project of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and United Nations Development Programme (UNDP) ‘Development of public-private partnership in Russia’ was held (hereinafter referred to as the Project).

The Coordinating Council of the Project is a deliberative body comprising the heads of the Executive Agency (VEB) and the Implementing Agency (UNDP), the representatives of federal authorities, the Heads of the regions of Russia selected as the demonstration regions of the Project, the business community. The head of the Board is Alexander Bazhenov, Director of the Public-Private Partnership Centre in Vnesheconombank and National Director of the Project.

The Meeting addressed issues on the implementation of the Project in the 1-st half 2010 and the work plan for the remainder of the year. To the date the Murmansk and the Chelyabinsk regions were selected to participate in the Project as demonstration territories. The UNDP and the VEB signed the relevant Memorandum of Cooperation with these two subjects of the Russian Federation. The Yaroslavl and the Kaliningrad regions are approved for participation in the Project. The heads of the other regions and municipalities submitted the application for participation in the Project. By now a number of procedural issues of the Project implementation are solved. Until the end of 2010 it is decided to develop fundraising procedures on PPP projects’ preparation in the regions. Besides that the joint project stipulates trainings of regional and municipal authorities on PPP mechanisms using. Also the recommendations with regard to the PPP mechanisms will be developed to improve legislation and implementation of the long-term target programs.

Yuri Osintsev, State Secretary-Deputy Minister of Regional Development, and Anatoly Popov, Deputy Minister of Regional Development, attended the first meeting of the Coordinating Council of the joint project.

December 30, 2009 the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and United Nations Development Programme (UNDP) signed a Project Document and Cost Sharing Agreement under Joint Project ‘Development of Public-Private Partnerships in Russia’.

The Project is focused on enhancing Russia’s potential for public-private partnership (PPP). To this end, the Project provides for improvement of the federal and regional legislative framework, introduction of innovative managerial and financial instruments in the PPP area, developing the potential of the existing and newly established PPP centres, as well as for implementation of pilot (demonstration) projects in the Russian regions and CIS-countries with subsequent dissemination of the experience. The Project is designed to ensure quality and dynamic development of human potential in the Russian regions.

The Project is to be implemented with the participation of federal legislative and executive bodies, specialized agencies, UN programmes, regional administrations and municipalities, private operators, regional banks, environmental organizations, as well as other interested parties.

Vnesheconombank’s PPP Centre will act as Project Coordinator.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

 

Press Office of UNDP
Phone: (495) 787-21-00, Fax (495) 787-21-02
E-mail: office@undp.ru

 

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Signing a Memorandum on Cooperation with the Federal Housing Construction Development Fund

21 july 2010 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Federal Housing Construction Development Fund signed a Memorandum on Cooperation in order to confirm the possibility of Vnesheconombank’s participation in working out a scheme for financing the construction of engineering and social infrastructure facilities and in making capital investments in construction carried out as part of measures to promote housing construction in implementing projects of the Federal Housing Construction Development Fund.

On behalf of Vnesheconombank the Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of the Federal Housing Construction Development Fund – by its General Director Alexandr Braverman.

Under the Memorandum signed, the parties intend to promote all-round cooperation and consider the possibility of their joint participation in implementing projects aimed at providing the Fund’s building estates with engineering and social infrastructure including pilot projects too.

The Memorandum provides for cooperation between the parties in the following fields: analyzing and developing schemes for implementing projects based on public private partnership mechanisms, gathering of macroeconomic, legal and financial and credit information that might influence the implementation of projects, assessment and comprehensive analysis of project risks.

The Memorandum’s implementation would promote the development of public private partnership mechanisms as an effective form of cooperation between the state and private sector in financing large-scale comprehensive housing development projects in the Russian Federation.

 

State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ was established subject to the Russian Federal Law “On the Bank for Development” by way of reorganizing Vnesheconombank of the USSR in 2007. The Bank for Development is a key instrument for pursuing the government economic policy aimed at removing economic growth infrastructure restrictions, boosting natural resources utilization efficiency, developing high-technology industries, unlocking innovation and production potential of small and medium-sized enterprises, providing support for industrial exports and services.

The Federal Housing Construction Development Fund was established subject to Federal Law dated July 24, 2008 №161-FZ. The Fund’s activity is designed to promote the development of housing construction and other forms of territory development as well as the development of engineering infrastructure facilities (including communications infrastructure facilities) social infrastructure facilities, construction materials production facilities, housing building structures. The Fund’s activity is also aimed at providing assistance in building industrial parks, technoparks, and business incubators in order to create a favorable environment for man and society including safe and favorable living conditions for all categories of citizens.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7(499) 975-21-34
E-mail: press@veb.ru

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