The EDB intends to consider financing the Belkomur Railway

The Eurasian Development Bank (EDB) intends to consider participation in financing the Belkomur project.

The respective agreement was signed at the St. Petersburg International Economic Forum by Andrey Beliyaninov, Chairman of the Management Board at the EDB, and Vladimir Schelkov, General Director of Belkomur Interregional Company.

The EDB is ready to consider participation in financing railway construction, including as a financing syndicate arranger. The parties will discuss additionally the legal issues of the Bank’s participation in project finance, as well as its forms.

“The project has been developed to a significant extent. Our bank, as a development institution in Eurasia, is certainly interested in it. I hope that the agreement we signed today will mark the beginning of our joint fruitful work,” Andrey Beliyaninov, Chairman of the EDB Management Board, commented.

Original source: EDB
Published on 25 May 2018