The EDB and PPP centres of Eurasian countries collaborate to implement joint cross-border projects
Sochi, 8 June 2023. The Eurasian Development Bank (EDB) and public-private partnership (PPP) centres of Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan are joining forces to implement collaborative cross-border projects.
The relevant memorandum was signed by Denis Ilin, Vice Chairman of the EDB Management Board; Samat Sagyndykov, Chairman of the Management Board of the Kazakhstan Public-Private Partnership Centre; Artem Volodkin, Executive Director of the National Centre for Public-Private Partnerships (Russia); Dmitry Krasovsky, Director of the National Agency of Investment and Privatisation (Belarus); Sanzharbek Bolotov, Director of the Public-Private Partnership Centre at the National Investments Agency under the President of the Kyrgyz Republic; and Alisher Faizaliyev, Director of the Centre for the Implementation of Public-Private Partnership Projects (Tajikistan).
By signing the memorandum, the participating parties aim to jointly plan cross-border PPP projects and establish institutional mechanisms to prepare, negotiate, and monitor such initiatives.
As an international financial institution and multilateral development bank, the EDB will finance cross-border PPP projects and development programmes.
The Bank intends to provide technical assistance by subsidising interest rates for cross-border PPP projects, financing the development of feasibility studies and financial models, preparing pre-project documentation, conducting applied research, and providing training to project stakeholders responsible for preparation and implementation.
The EDB’s tasks encompass project and legal advice as well as expert analysis to promote cross-border PPPs.
“Several dozen cross-border PPP projects have been implemented worldwide to develop transport infrastructure (railways, roads, and pipelines), water and energy facilities, and telecommunications. However, their utilisation in the Eurasian region has been limited, with the exception of the project between Russia and China to construct and operate a road bridge across the Amur River, connecting the cities of Blagoveshchensk and Heihe. Hence, the EDB places special importance on its cooperation with the national PPP centres of its member states under this memorandum,” commented Svetlana Maslova, EDB Director of PPP Projects.
The Eurasian Congress ‘23 media partners are the Mir TV and radio company, Ala Too 24 TV Channel, SB. Belarus Segodnya, Delovoy Kazakhstan, BelTA, Prime Press, Golos Armenii, ARKA, ArmInfo, Tazabek, Akchabar, Kazahstan Today, Khovar, and LSM.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For 16 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The EDB Media Centre:
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