Eurasian Bank of Development to issue a USD90 m loan for reconstruction of Pulkovo airport

29.04.10, 16:10
/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: Quotation begins 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 EUR716 m. 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. Ends [2010-04-29]