Andrey Beliyaninov: The EDB is interested in cooperating with European financial institutions to implement investment projects in the member states
Moscow, 27 April 2018. Large-scale infrastructure projects, primarily in the transport infrastructure sector, can become one of the key areas of cooperation between the European Union (EU) and the Eurasian Economic Union (EAEU), Andrey Belyaninov, Chairman of the Management Board at the Eurasian Development Bank (EDB), told the II International Financial and Economic Forum of CIS and Europe “Prague Business Meetings.”
“Investments in transboundary and national transport infrastructure are among the EDB’s priorities. Infrastructure accounts for some 50% of the Bank’s portfolio,” he said.
The China – EAEU – EU traffic is escalating. Transit has been almost doubling every year for the last five years. This area is of mutual interest to the EU and the EAEU.
“We are interested in that the advancement of transport and logistics infrastructure switches a part of transit from sea to land so that goods from China to Europe (and back) will be carried through the EAEU. This is a good business niche for logistics companies and railroads. Improving the effectiveness of land transport corridors in the EU – EAEU – China format should boost trade and create multiple production opportunities, as well as various supply chains,” Andrey Belyaninov stressed.
The head of the EDB pointed out that, to increase the throughput capacity of land transport corridors along the China – EAEU – EU axis and improve their competitiveness compared to sea routes, no mega projects are needed, but the debottlenecking of transport infrastructure, which requires limited investment.
“We should focus on business cooperation. The Eurasian Development Bank is ready to contribute to the building of cooperation in projects,” Andrey Belyaninov stated.
The II International Financial and Economic Forum of CIS and Europe “Prague Business Meetings” is taking place on 26-27 April 2018 in Prague, Czech Republic.
Additional Information:
The 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. The 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.
The EDB Media Centre:
+7 (727) 244 40 44, ext. 6147 (Almaty)