OREANDA-NEWS. State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' and Brazilian engineering companies Engevix and Progen with the participation of French company Vosstran Invest SA entered into a Memorandum of Understanding.

On behalf of Vnesheconombank the documents were signed by Deputy Chairman - Member of the Board Sergei Vasiliev, on behalf of Engevix - by Director General Jose AntunesSobrinho, on behalf of Progen - by Executive Director Eduardo Barella and on behalf of Vosstran Invest SA - by Chairman and Executive Director SamerAlkhayer.

The agreements provide for enhancing all-round and effective cooperation and the parties' participation in implementing joint infrastructure projects.