16:22 EDB extends a RUB 1.27 billion loan facility for RG Brands Kazakhstan
15:52 EDB offers bonds underwritten by Kazkommerts Securities at KASE
19:36 EDB and the Global Infrastructure Hub sign a memorandum of understanding in Singapore
16:29 Dmitry Pankin: IFIs are important players in PPP syndicates
12:38 Trade between the EDB countries recovers in Q1 2017 (quarterly macro review)
20:44 Dmitry Pankin: Regional integration neutralises negative economic effects for landlocked countries
14:14 EDB acquires share in ASK, a concession company building Central Ring Road 3
13:59 EDB: Eurasian economic integration has gained practical content but may encounter stumbling blocks in the future (the report “Eurasian Economic Integration 2017”)
19:02 EDB provides a US $10 million loan facility to Belinvestbank for trade finance
13:50 Eurasian Development Bank accounts for the largest portion of investment finance approved by MDBs for the CIS countries in Q1 2017 (review)
14:00 Macroeconomic Review: Improvements in the global economy may accelerate growth in the EDB countries
EDB acquires share in ASK, a concession company building Central Ring Road 3
Moscow, 18 May 2017. Eurasian Development Bank (EDB) and Avtoban signed agreements envisioning the purchase by the Bank of a share in Avtodorozhnaya Stroitelnaya Korporatsiya (Road Construction Corporation; ASK). ASK is an engineering company holding concession and building Central Ring Road 3. According to the agreements, the Bank purchases 25% of ASK's charter capital from Avtoban (currently the sole owner of ASK)..
Central Ring Road 3 is one of five components of the Central Ring Road. This 105.3 km road will run parallel to Moscow Small Ring Road A105 in the north-eastern part of Moscow Region. The concession agreement envisions that the road should be built and commissioned within 36 months of obtaining the construction permit. It is being built by Avtoban, one of Russia's largest road construction organisations. EDB and major Russian banks also consider financing the construction of Central Ring Road 3. The estimated project value exceeds RUB 80 billion.
Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
EDB Media Centre:
+7 (727) 244 05 455, ext. 6147 (Almaty)
+7 (495) 645 04 455, ext. 2724 (Moscow)
18 May, 2017