The EDB is ready to finance Tatarstan’s joint projects with Kazakhstan

23 February 2022
The EDB is ready to finance Tatarstan’s joint projects with Kazakhstan

Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, met with Rustam Minnikhanov, President of Tatarstan, and confirmed the Bank’s readiness to finance Tatarstan’s joint investment projects with Kazakhstan. The two also discussed promising investment projects in manufacturing, infrastructure, and the development of the Alabuga Special Economic Zone (SEZ).

Meeting agenda also included the development of Russia’s largest SEZ, Alabuga. On 2 December 2021, a partnership agreement was signed at the EDB’s Eurasian Congress to finance the construction of SEZ infrastructure over the next five years. The partnership focuses on financing social infrastructure and launching new sites and resident projects in the SEZ.

Nikolai Podguzov confirmed the Bank’s intention to participate in transport infrastructure projects linking Tatarstan with other Russia’s regions and the EAEU countries as part of the Eurasian Transport Framework. In particular, the EDB plans to support the financing of the Moscow–Kazan, Kazan–Yekaterinburg and Shali–Bavly highways to be built as part of the Europe–Western China transport corridor.

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