OREANDA-NEWS. In the course of the 13th International Investment Forum Sochi-2014, Vnesheconombank and the Government of the Yaroslavl region entered into an agreement on cooperation.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of the Government of the Yaroslavl region - by Governor Sergei Yastrebov.

The parties intend to cooperate in developing investment projects including those to be implemented on the terms of public private partnership, they also intend to develop potential options of their funding and cooperate in preparing projects conclusion as well as participate in raising funds to support small and medium-sized enterprises.

This agreement's implementation would help to address high priority issues of the region's socio-economic development and enhancing its economic and industrial potential.

At present, VEB is participating in funding 5investment projects of the Yaroslavl region in the total amount of more than 30.8 billion rubles, with the Bank's participation share being 24.5 billion rubles. The project's implementation will create about 1.6 thousand new jobs; payments to budgets of all levels will amount to 3.28 billion rubles.