VEB.RF provided Nizhny Novgorod with 1.6 billion rubles. for the implementation of the urban electric transport modernization project

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AK&M 19 July 2025 02:10

WEB. In February 2025, the Russian Federation provided Nizhny Novgorod with about 1.6 billion rubles. for the implementation of the urban electric transport modernization project. Of these, 380 million rubles were allocated for the purchase of rolling stock and 1.2 billion rubles for payment for construction work already completed on time by the general contractor. This is stated in the message of the bank.

For the modernization of tram traffic in the city of VEB. The Russian Federation has provided more than 5.3 billion rubles, including a tranche from the National Welfare Fund. The total amount of funds approved by VEB. The Russian Federation accounts for 32.1 billion rubles, including funds from the National Welfare Fund.

To date, with the financial support of VEB. 77 MiNiN trams have been delivered to Nizhny Novgorod in the Russian Federation, of which 65 have already entered the routes.

State Development Corporation "VEB. Russian Federation" (Vnesheconombank State Corporation) (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization of Vnesheconombank of the USSR in 2007. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.