Eurasian Bank of Development to issue a USD90 m loan for reconstruction of Pulkovo airport
/KASE, April 29, 10/ - Eurasian Bank of Development, bonds of which are
listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press
release dated April 28, 2010:
Eurasian Bank of Development will issue USD90 m to finance a project for
establishment, reconstruction and operation facilities in Pulkovo airport through
state and private partnership. The document was signed by acting managing
project director of the bank Genadiy Zhuzhlev.
The funds will be provided to consortium OOO Vozdushnye vorota Severnoy
Stolitsy, a winner in tender on state and private partnership with the
administration of Saint-Petersburg. The agreement is for 30 years and specifies
reconstruction, development and operation of Pulkovo airport.
The funds were provided by a pool of banks: Eurasian Bank of Development,
EBRD, IFC, Scandinavian Investment Bank, Black Sea Trade and Development
Bank, Vnesheconombank, and other commercial banks jointly providing
It is the first time that Eurasian Bank of Development is engaged in state and
private partnership in Russia, which the bank management deems as a new
technology to develop the Russian economy.