Assessment of Environmental Impact Analysis (EIA) can extend to approximately 80% of Public-Private Partnership (PPP) projects and concessions.
**"Hey there! Here's a lowdown on Vnesheconombank (VEB), a bank that's no stranger to public-private partnership (PPP) and concession projects. As per the latest, Alexander Kirienko, a big shot in the bank, has announced their focus on improving transparency and effectiveness of PPP tools. They'll be implementing independent expert assessments, primarily for projects worth over 3 billion rubles, which could cover about 80% of the total volume of PPP and concession projects.
Remember when Vladimir Putin proposed VEB.RF as a mandatory participant in PPP agreements at the Eastern Economic Forum in September 2024? He argued that this approach would help manage risk distribution better.
Now, here's the interesting bit. While we don't have specifics on VEB.RF's current activities in Russia, historically they've been involved in financing large-scale infrastructure projects. If Putin's proposal becomes a reality, it could centralize oversight and risk management under a state-controlled institution.
There's also a bit of a twist with the New Development Bank (NDB) - they've got $1.8 billion in outstanding loans to Russian entities, with $1.2 billion tied to sovereign guarantees. But that's not VEB.RF we're talking about here. As for VEB.RF, we'll need to keep an eye on official Russian government announcements or their financial disclosures for more concrete details."
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- The directives from Alexander Kirienko, a key figure in Vnesheconombank (VEB), emphasize the bank's intention to enhance the transparency and efficiency of public-private partnership (PPP) tools.
- The focus on independent expert assessments for PPP projects worth over 3 billion rubles is a part of VEB's strategy to cover approximately 80% of total PPP and concession projects.
- Back in September 2024, Vladimir Putin suggested making VEB.RF a mandatory participant in PPP agreements, aiming to improve risk distribution in these projects.
- While VEB.RF has a history of financing large-scale infrastructure projects in Russia, the actual extent of their current activities remains unclear. However, if Putin's proposal is implemented, it could consolidate oversight and risk management under a state-controlled institution.
