The Eurasian Development Bank and St. Petersburg sign a letter of intent
St. Petersburg, 25 May 2018. St. Petersburg and the Eurasian Development Bank (EDB) signed a letter of intent at the St. Petersburg International Economic Forum to implement an investment project that will improve St. Petersburg’s tourist attractiveness and promote river tourism.
The document was executed by Georgy Poltavchenko, Governor of St. Petersburg, and Andrey Beliyaninov, Chairman of the Management Board at the EDB.
The EDB plans to invest RUB 2.12 billion to build five moorings and a passenger station in the new river port. The port will also comprise a three-storey mall with a car park, access roads and outdoor car parks, a promenade, and a life-saving station. The planned infrastructure is expected to provide key services in demand with shipping companies and tourists. The project period is from 2018 to 2035.
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)