On Launching an Automobile Assembly Plant in the Far East

29 december 2009 года
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In the course of Russian Prime Minister Vladimir Putin’s working trip over the Far East a ceremony of launching SsangYong off-road vehicles assembly plant in the city of Vladivostok was held.

The project that was implemented in a timely fashion is fully financed through a long-term credit extended by the Bank for Development.

The credit agreement with SOLLERS – the Far East providing for Vnesheconombank to finance the project to build an automobile assembly production facility with a wide range of products (SsangYong off-roaders, ISUZU, Fiat Ducato lorries) in the Primorsky Territory (the city of Vladivostok) worth 1.8 billion rubles was signed in September of 2009.

The Far -Eastern automobile assembly production facility’s rated capacity is at least 10 thousand automobiles per year.

OJSC SOLLERS is a Russian automobile company that provides a full range of services on manufacturing, selling and servicing automobiles.

 

Origin: 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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On Holding a Workshop-Conference with Administrators of Mono-Profile Populated Areas

28 december 2009 года
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In order to develop basic approaches to working out comprehensive innovative plans of developing mono-towns, a workshop-conference with administrators of mono-profile populated areas of the Khabarovsk region and the Primorasky Territory was held on December 26-27, 2009 in the city of Khabarovsk.

The Working Group on Modernizing Mono-Towns under the Governmental Commission on Enhancing the Russian Economy’s Sustainable Development and State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ acted as the organizers of the event.

The workshop’s participants discussed basic principles of working out a strategy of developing mono-towns as well as the Nizhny Tagil Administration’s experience in developing a comprehensive innovative plan of the city’s development. After the said issues were presented and discussed, recommendations for administrators of mono-profile towns were formulated. The workshop’s participants heard out the reports by the heads of municipal entities and discussed strong and weak points of mono-towns and mono-settlements, their potential and possible mechanisms for implementing plans of development.

In attendance of the event were Head of the Working Group on Modernizing Mono-Towns under the Government Commission on Enhancing the Russian Economy’s Sustainable Development, Vnesheconombank Deputy Chairman Irina Makieva, Russia’s Regional Development Deputy Minister Yury Osintsev, representatives of the Sverdlov region, the Federal Project Financing Center and the expert community as well as administrators of mono-profile populated areas of the Khabarovsk region and the Primorsky Territory.

The workshop’s participants paid a working visit to the mono settlement of Svetlogorje in the course of which representatives of the Working Group visited the settlement’ township-forming enterprises, a secondary school and an orphanage. They also attended a meeting chaired by First Deputy Prime Minister Igor Shuvalov. They discussed problems faced by this mono profile settlement and potential lines of its further development.

Vnesheconombank’s Representative Office in the city of Khabarovsk was responsible for providing organizational and technical support for the workshop.

 

Origin: 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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On Financing the Vanino Coal Terminal Construction Project

28 december 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ has started to finance the Vanino Coal Terminal Construction Project with a capacity of 12 million tons per year in the bay of Muchka at the port of Vanino (the Khabarovsk region). The port of Vanino is designed to transship coal from the Siberian Coal Energy Company’s coal deposits as well as from other companies to export it to the Asian-Pacific region countries.

Vnesheconombank provided the first tranche of its credit line in the amount of 1.5 billion rubles to finance expenses of CJSC Daltransugol (a subsidiary of OJSC SUEK, the operator of the terminal under construction) on purchasing technological equipment and paying for the construction work done. In order to implement the project, Vnesheconombank and CJSC Daltransugol entered into an agreement on extending credit resources worth 4.5 billion rubles for a period of 10 years.

The Vanino Coal Terminal Construction Project is one of the largest investment projects both in the field of developing the Russian transport infrastructure and in the Far East as a whole.

After achieving its rated capacity Vanino will become the largest coal port in the Far East and the second largest port in Russia. The implementation of the project will make it possible to receive and handle vessels with a deadweight of more than 170 thousand tons.

 

Origin: 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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On Vnesheconombank’s Participation in the New Passenger Terminal Construction Project in the Vladivostok International Airport

28 december 2009 года
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The governance bodies of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ approved the financing of the new Passenger Terminal Construction Project in the Vladivostok International Airport. A credit agreement between the Bank and CJSC Terminal Vladivostok (a subsidiary of OJSC the Sheremetjevo International Airport) is scheduled to be concluded in the near future.

Besides extending credit resources in the amount of 3.6 billion rubles for a period of 15 years in order to reduce the debt burden and upgrade corporate governance procedures, Vnesheconombank is planning to participate in CJSC Terminal Vladivostok’s charter capital through buying out the company’s additional issue in 2010.

The Project aimed at building a terminal with an area of 55 thousand sq. meters and a capacity of 3.5 million passengers a year is being implemented as part of preparations for the Asian Pacific Countries Summit in 2012.

A total amount of capital investments under the project is scheduled to be about 175 million US dollars. The Project’s implementation period is 2009-2011.

The Bank’s participation in major transport infrastructure projects is one of its activity priorities.

 

Origin: 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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On Vnesheconombank’s Participation in Building a Shipyard in the Primorsky Territory

28 december 2009 года
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The governance bodies of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ approved the opening of a credit line with a drawdown limit of 1 billion rubles for a period of 1 year to OJSC the Far Eastern Shipbuilding and Ship Repair Center to finance the development of project documentation to implement the project aimed at building a heavy-tonnage shipyard on the basis of the Far-Eastern Zvezda Plant (OJSC), the city of Bolshoy Kamen, the Primorsky Territory.

The project provides for building on the territory of the Far-Eastern Zvezda Plant (OJSC) a new shipyard with a dry dock making it possible to construct heavy-tonnage vessels with a deadweight of up to 250 thousand tons (oil and LNG tankers) and other sea equipment to develop shelf sea. Construction work on building a new shipyard is scheduled to start in the second quarter of 2010. An annual production program provides for constructing 3 to 6 heavy-tonnage vessels.

The construction of a new shipyard on the basis of the Far-Eastern Zvezda Plant provides for creating at least 2000 new jobs.

The credit agreement between Vnesheconombank and OJSC the Far-Eastern Shipbuilding and Ship Repair Center is at the coordination stage.

 

Origin: 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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