WEB. The Russian Federation will finance the modernization of Armavir's water supply and sanitation systems. A corresponding loan agreement has been signed between VEB. Russian Federation and Rosvodokanal Group of Companies. This is stated in the message of the bank.
WEB. The Russian Federation will provide 4.5 billion rubles of credit funds, as well as annually guarantee the fulfillment of the concessionaire's obligations to the city. Attracting investments for the large-scale modernization of the municipal infrastructure of the city of Armavir will solve the problems of accumulated wear and tear of networks and equipment, improve the quality and accessibility of services to residents, create a comfortable urban environment and improve the ecology of the region.
The 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.
