OREANDA-NEWS. June 08, 2009. Vnesheconombank signed a number of agreements at the course of the 13th Petersburg International Economic Forum.

The Bank signed a Frame Agreement on Cooperation with the Danish Export-Credit Agency Eksport Kredit Fonden (EKF). The Agreement provides for cooperation between the parties in implementing projects aimed at exporting Danish products and services to the Russian Federation and at exporting Russian products and services to Denmark as well as at supplying Russian and Danish products and services to third countries on terms of insurance and reinsurance. This Agreement aims to promote sustainable economic and financial ties between the Russian Federation and the Kingdom of Denmark.

The Bank signed an Agreement on Cooperation with the Government of the Vologda region. Under the Agreement the parties intend to cooperate in raising funds to finance investment projects to be implemented on the territory of the region. Top priority is to be given to projects in the following sectors: linen production, timber processing industry, electric power engineering, construction materials industry, transport infrastructure. The Agreement would help address issues of supporting small and medium-sized enterprises, encouraging investment activity aimed at boosting industrial, socio-economic and infrastructure potential of the region.

The Bank signed a Memorandum on Cooperation in Implementing the Program of Reconstructing and Modernizing Russian Minor Railway Stations with OJSC Russian Railways, OJSC Transsignalstroi, LLC Corporation Gazenergoprom, CJSC VTB Kapital. The Program is to be carried out under “The Concept of Efficient Use and Development of Railway Stations up to the Year 2015” worked out by OJSC RZHD in 2008. The Program aims to modernize Russian railway stations and transform them into high-technology, multifunctional passenger transport-interchange hubs.

The Bank signed a Memorandum on Cooperation in Implementing the Project aimed at Building a Recreational Tourist Complex “The Golden Ring” with the Golden Ring Resort (LLC) and the Government of the Yaroslavl region. The implementation of this Memorandum would help remove economic growth infrastructure restrictions and develop the tourist infrastructure within the historic macro region of the Golden Ring. The Project “Recreational and Tourist Complex “The Golden Ring” provides for comprehensively developing the territory in order to build a new large-scale tourist and recreational facility including both a hotel complex and other accommodations and a wide range of infrastructure. The project is being implemented on the plot of land 200 hectares in area in the Yaroslavl region next to the national park “Plescheevo Ozero”.

The Bank signed an Agreement with OJSC Krasnaya Polyana on Extending a Credit Line worth 9.2 billion rubles for a Period of 12.5 years to finance the following Olympic facilities: an Olympic Media Village for 2 150 rooms, a Ski-Jump Complex K-25, K-95 with a capacity of 15 thousand spectators. These projects are being implemented under the Program of Building Olympic Facilities and Developing the City of Sochi as an Alpine Ski Climatic Resort approved by the Resolution of the Government of the Russian Federation. The Agreement was made in accordance with general approaches to financing Olympic facilities approved by Vnesheconombank’s Supervisory Board. At present, Vnesheconombank is considering 8 projects aimed at building Olympic facilities in the total amount of more than 120 billion rubles.