OREANDA-NEWS. November 30, 2012. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Government of the Republic of Bashkortostan entered into an Agreement on Cooperation to Promote Public Private Partnership Mechanisms.

On behalf of Vnesheconombank the Agreement was signed by Chairman Vladimir Dmitriev and on behalf of the regional Government - by President of the Republic of Bashkortostan Rustem Khamitov.

The parties agreed to cooperate on the issues of forming a regulatory and legal network to apply PPP in the region, establishing a regional PPP center in the Republic, working out investment projects as well as mechanisms for implementing them.

In order to enhance main lines of cooperation Vnesheconombank plans to provide methodological assistance to the republican executive authorities on the issues public private partnership, submit proposals for implementing investment projects, socio-economic development programs with the use of PPP instruments, prepare proposals for providing investment consulting services to form investment projects to be implemented on PPP terms.