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Eurasian Development Bank seeks projects in the Far East

Eurasian Development Bank seeks projects in the Far East

Projects for cooperation in the Far East are sought by the Eurasian Development Bank (EDB). He already has several examples of successful work in the Far Eastern Federal District.

“The Eurasian Development Bank regularly participates in the activities of the Eastern Economic Forum. At one of them we signed an agreement with Solar Systems and Avelar Solar Technologies. The use of so-called green energy for isolated settlements in the climatic conditions of the Far East is very beneficial. We are glad that the bank can contribute to this. With Solar Systems, there are already two projects implemented by our bank, and for those areas of the Far East where there is no centralized energy supply, solar energy is an excellent way out, ”said Andrei Krainy, EastRussia Deputy Chairman of the Board and Secretary of State for EDB.

The bank also has experience in financing the construction of water intake and water treatment facilities in Yakutia. However, the presence in the Far East does not satisfy the possibility of lending to the regions of the Far East not only by the Eurasian Development Bank, but also by development banks as a whole.

“That is why we are intensively looking for mechanisms and analyzing problematic issues related to the implementation of investment projects in the Far Eastern regions. It is quite obvious that colossal investments are required here for the construction of infrastructure, social, transport, energy facilities. The potential for cooperation is huge, ”said Andrei Krainy.

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