Gazprombank, VEB.RF, the Russian Agency for Export Credit and Investment Insurance (EXIAR) have signed a multilateral agreement with the Ministry of Finance of the Republic of Uzbekistan, the Ministry of Energy of the Republic of Uzbekistan, and Uztransgaz JSC to consider the possibility of providing up to $618 million in a syndicated loan to finance the modernization of the gas transportation system of Uzbekistan, Gazprombank informed.
The parties will consider the possibility of concluding a transaction on PPP or project financing terms.
Gazprombank (JSC) (GPB, tax number: 7744001497) established in 1990 is among the three largest banks of Russia in terms of financial performance. The bank serves the key industries of the Russian economy (gas, oil, nuclear power, chemistry and petrochemistry, black and non-ferrous metallurgy, electric power, mechanical engineering and metalworking, transport, construction, telecommunications, agriculture, retail.
State Development Corporation VEB.RF (Vnesheconombank State-owned Corporation, tax number: 7750004150) was established under the Federal law of the Russian Federation "About the Bank of Development" through the reorganization of Vnesheconombank USSR in 2007. Vnesheconombank is one of development institutes focusing on the elimination of infrastructural restrictions for the economical advance, the increase of efficiency of natural resources utilization, the development of hi-tech industries, the optimal usage of the SME innovative and production capacities, the support of export of industrial products and services.
