The EDB intends to consider financing the Belkomur Railway
St. Petersburg, 25 May 2018. The Eurasian Development Bank (EDB) intends to consider participation in financing the Belkomur project. The respective agreement was signed at the St. Petersburg International Economic Forum by Andrey Beliyaninov, Chairman of the Management Board at the EDB, and Vladimir Schelkov, General Director of Belkomur Interregional Company.
The EDB is ready to consider participation in financing railway construction, including as a financing syndicate arranger. The parties will discuss additionally the legal issues of the Bank's participation in project finance, as well as its forms.
“The project has been developed to a significant extent. Our bank, as a development institution in Eurasia, is certainly interested in it. I hope that the agreement we signed today will mark the beginning of our joint fruitful work,” Andrey Beliyaninov, Chairman of the EDB Management Board, commented.
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:
Alexander Savelyev +7 985 765 23 59 (Moscow)
Azima Sapargaliyeva +7 777 750 00 08 (Almaty)
Sergey Gorbachev +7 916 727 22 00 (Moscow)