OREANDA-NEWS. Vnesheconombank and the Government of the Samara region approved a Joint Action Plan for the region's comprehensive development for a period of 2014-2019.

On behalf of Vnesheconombank, the document was signedby Chairman Vladimir Dmitrievand on behalf of the Samara region - by acting Governor Nikolai Merkushkin.

Under the Plan Vnesheconombank Group and the Government of the Samara region intend to cooperate in organizing funding of investment projects to be implemented among other things on the terms of public private partnership, working out mechanisms for their implementation as well as interact in preparing project evaluations. Under the Document, the parties plan to develop small and medium-sized enterprises, industrial parks and clusters.

The Plan provides for cooperating in implementing 23 projects worth more162 billion rubles. Top priority is to be given to infrastructure projects as well as projects in the agro-industrial complex and mechanical engineering.

The Plan's implementation will be instrumental in encouraging investment activity, addressing high-priority objectives of the region's socio-economic development and enhancing its economic and industrial potential.

As of August 1, 2014, Vnesheconombank's corporate governance bodies approved 9 investment projects (being implemented or to be implemented on the territory of the Samara region) in the total amount of 120.4 being rubles, with Vnesheconombank's expected participation share being 54.7 billion rubles. A budget effect from implementing projects will amount to more than 173.1 billion rubles.

Three investment projects of the Samara region are being considered at Vnesheconombank. Their total amount is 6.9 billion rubles, with the Bank's expected participation share being 5.4 billion rubles. A budget effect is scheduled to reach more than 950 million rubles; about 300 new jobs are expected to be created.