25.02.2016, 23:29
EDB Plans to Invest Up to RUB 6 billion in New Projects in Russia
OREANDA-NEWS. The Management Board of Eurasian Development Bank (EDB) approved the essential terms of financing for the project to develop a network of shared mobile phone towers in Russia. The additional finance will total RUB 2 billion. The overall lending amount extended by EDB, including previous tranches, will be RUB 4 billion. The loan will be provided for ten years.
The project intends to construct, upgrade and purchase mobile phone towers for shared use by mobile network operators in Russia. It plans to advance the telecommunications infrastructure and improve competitiveness and the quality of services in Russia's mobile communications market. The project's tax payments over the lending period may be as high as RUB 2.2 billion. It is expected to create 90 jobs.
In addition, EDB approved a blueprint for the project to construct five RST54 and RST27 vessels for subsequent lease to BF Tanker. The project aims to support vessel construction at the Oka shipyard. The lessee will then use the vessels to transport oil products from Rybinsk to Vysotsk/St. Petersburg flying the Russian flag. The loan will total around RUB 3.5 billion, The construction and operation of new tankers compliant with the International Convention for the Prevention of Pollution from Ships (MARPOL 73/78) will help to advance transport infrastructure, increase exports and improve the environmental situation. Sixty jobs will be created.
In the project to construct Sakhalin GRES-2, EDB plans to consider guaranteeing the repayment of a downpayment and performance on behalf of Mosenergo for Sakhalin GRES-2. The four-year guarantee amount is expected to total RUB 4.9 billion. The project envisions the fulfilment of one of four projects in RusHydro's investment programme for the construction of new power facilities in the Far East in accordance with the presidential decree. The new plant is expected to meet the growing demand for electricity and heat, replace exhausted facilities, create additional capacity, and improve power supplies to consumers. It will create 77 jobs, about 1,200 jobs with subcontractors, and about 4,000 jobs in Sakhalin Region's coal mining sector (Sakhalin GRES-2 will be the only consumer of local coal produced for power plants in Sakhalin).
The project intends to construct, upgrade and purchase mobile phone towers for shared use by mobile network operators in Russia. It plans to advance the telecommunications infrastructure and improve competitiveness and the quality of services in Russia's mobile communications market. The project's tax payments over the lending period may be as high as RUB 2.2 billion. It is expected to create 90 jobs.
In addition, EDB approved a blueprint for the project to construct five RST54 and RST27 vessels for subsequent lease to BF Tanker. The project aims to support vessel construction at the Oka shipyard. The lessee will then use the vessels to transport oil products from Rybinsk to Vysotsk/St. Petersburg flying the Russian flag. The loan will total around RUB 3.5 billion, The construction and operation of new tankers compliant with the International Convention for the Prevention of Pollution from Ships (MARPOL 73/78) will help to advance transport infrastructure, increase exports and improve the environmental situation. Sixty jobs will be created.
In the project to construct Sakhalin GRES-2, EDB plans to consider guaranteeing the repayment of a downpayment and performance on behalf of Mosenergo for Sakhalin GRES-2. The four-year guarantee amount is expected to total RUB 4.9 billion. The project envisions the fulfilment of one of four projects in RusHydro's investment programme for the construction of new power facilities in the Far East in accordance with the presidential decree. The new plant is expected to meet the growing demand for electricity and heat, replace exhausted facilities, create additional capacity, and improve power supplies to consumers. It will create 77 jobs, about 1,200 jobs with subcontractors, and about 4,000 jobs in Sakhalin Region's coal mining sector (Sakhalin GRES-2 will be the only consumer of local coal produced for power plants in Sakhalin).
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