OREANDA-NEWS. September 22, 2009. In the course of the 8th International Investment Forum “Sochi-2009” State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Administration of the Tver Region signed a Protocol of Intent on Developing PPP mechanisms in the Tver region.

On behalf of Vnesheconombank the Protocol was signed by Management Board Member – Vnesheconombank First Deputy Chairman Anatoly Tikhonov, on behalf of the Tver Region Administration – by Governor Dmitry Zelenin.

The Protocol aims to make joint efforts to develop PPP as a mechanism for financing programs of the Tver Region’s socio-economic development.

Under the Protocol the Parties intend to prepare and introduce amendments in the draft strategy of the Tver region’s socio-economic development up to the year 2025 in order to establish PPP as a long-term instrument of the state’s public infrastructure management. The Parties intend to place special emphasis on establishing cooperation of the Region’s Administration and regional local authorities with Russian development institutions in order to implement federal projects and programs on the territory of the Region, develop a regulatory and legal network for implementing PPP instruments to produce a multiplier effect from using budgetary funds.

The parties also intend to establish a regional PPP center to develop a mechanism for PPP project management on a regional level and establish cooperation between the regional development department of the Tver region and Vnesheconombank’s Public Private Partnership Center as well as work out and run training programs for employees of the regional development department of the region and the region’s local authorities.

This Protocol was signed to build on the Agreement signed earlier on Cooperation between the Administration of the Tver Region and Vnesheconombank.