UP

PDF Russian Aviation & Military Guide, 2016
Russian Aviation & Military Guide ¹ 04(05) September, 2016
Including export projects

Including export projects

RT-Business Development (the State Corporation Rostec investment holding company) and the Federal Project Finance Center (Vnesheconombank Group) have signed a cooperation agreement on joint participation in infrastructure projects in Russia and abroad. The document was signed August 18 by RT-Business Development General Director Andrei Korobov and FPFC General Director Alexander Bazhenov.

The cooperation agreement will boost development of projects offering the highest promise in terms of growth potential, primarily high-tech projects in the field of social infrastructure.

The FPFC will use its own funds to finance the initial project stages. Under the partnership, the FPFC will also put together cost effective and replicable projects, including all the requisite technical, economic, and legal research and creation of proposals in the form of a private initiative.

Pursuant to its direct investment development strategy, the signing of the agreement will allow RT-Business Development to join the infrastructure projects during their early stages to provide support for their commercial application and enlarge the company's infrastructure assets.

RT-Business Development General Director Andrey Korobov stated that "the signing of the agreement constitutes an important step for the company in the field of infrastructure project financing and opens up new areas for us to collaborate with the revamped Vnesheconombank Group. The substantial growth opportunities offered by the infrastructure projects, combined with the strong potential of new financial instruments in the hands of our partners in the FPFC, will propel the development of existing projects under today's challenging economic climate".

Under the terms of the partnership agreement, RT-Business Development will liaise with government authorities and authorized government institutions concerned with implementation of the appropriate projects with a view to creating favorable economic, legal, and tax regimes. Specifically, it will assist in obtaining authorizations and approvals and resolving land and property issues. The parties will work together to seek out investors and long-term financing. Among the first projects to be reviewed will be those in which services and products offered by State Corporation Rostec companies and holding companies can constitute a significant cost component at the investment stage of project implementation.

The Federal Project Finance Center (FPFC) is a wholly owned subsidiary of the state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank). The FPFC's role in the Vnesheconombank Group is to provide financial and expert support for preparing regional and urban development projects whose implementation involves non-government funded investment, including investment under government-private partnership agreements.

RT-Business Development is a wholly owned subsidiary of the State Corporation Rostec that specializes in professional asset management and financial and industrial project implementation. Under its three-year strategy and initial operating program, the company will move over to a direct investment fund model of operation by 2017-2018. Its strategic objectives are to increase the capitalization of the assets it manages and to implement large-scale financial and industrial projects in various economic sectors. The company's principal goal during its current stage of development is to maximize the investment attractiveness of its existing projects and partially monetize them in order to seek out new investment partners and reap the financial rewards of its operations.
Archive of magazines:
 
Industrial Weekly
special export project
Registered in the Federal Service for Supervision of Communications, Information Technology and Mass Media (Roscomnadzor) 09.12.2015
PI ¹ FS77-63977
Editorial office:
Moscow, Russia, 123557, Malaya Gruzinskaya St., 39
Telephone:
+7 (495) 505-76-92
+7 (495) 778-14-47
+7 (495) 729-39-77
Media postal address:
Moscow, Russia, 123104, mailbox 29, Industrial Edition
E-mail:
doc@promweekly.ru
promweekly@promweekly.ru
Copyright © 2016-2024 - «United Industrial Edition» - All rights reserved