EDB: Infrastructure mortgages can bridge funding gaps in projects with medium capital requirements in Russia

07 September 2017

Moscow, 7 September 2017. The market in infrastructure projects needs new funding instruments. Infrastructure mortgages can solve this problem. Konstantin Limitovsky, Deputy Chairman of the Management Board at Eurasian Development Bank (EDB), said this at the panel discussion “How Can We Ensure an Inflow of Private Investment into Developing the Infrastructure of Russia’s Far East?” hosted by the Eastern Economic Forum 2017. He also noted that the Ministry of Economic Development is working on the mechanism of infrastructure mortgages.

Konstantin Limitovsky stated that projects with medium capital requirements as well as social projects face difficulties with finding finance and are complicated in terms of structuring. “Therefore, the mechanism of infrastructure mortgages is aimed to solve an intricate task – to standardise projects, as far as possible, and, at the same to time, to ensure their refinancing by means of securitisation,” he emphasised.

The Eastern Economic Forum was established by a decree of the President of the Russian Federation Vladimir Putin. Pursuant to the decree, it is held in Vladivostok every year. In 2017, the forum is taking place from 6 to 7 September. Its participants include President Vladimir Putin, Japan’s Prime Minister Shinzō Abe and South Korea’s President Moon Jae-in.

Additional Information:

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 Center:
+7 (727) 244 40 44 ext. 6147 (Almaty)
+7 (495) 645 04 45 ext. 2732 (Moscow)
e-mail: pressa@eabr.org

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