News — The EDB Fund for Digital Initiatives

The Eurasian Development Bank (EDB) plans to issue two-year bonds on the Astana International Exchange (AIX) to the tune of US $100 million by the end of 2021. Nikolai Podguzov, Chairman of the EDB Management Board, announced this at an online meeting with issuers organised by AIX

The search for effective solutions for the development of EAEU+ economies was the main theme of the Eurasian Congress held on 2 December at VDNH in Moscow

The Eurasian Development Bank (EDB) will provide technical assistance in the preparation of an investment project to develop a three-dimensional (3D) geographic information system in Kazakhstan’s 17 cities. The Bank’s Technical Assistance Fund (TAF) will finance advisory services for the project, with KPMG Tax and Advisory as the project advisor

The Eurasian Development Bank (EDB) and Tenge Bank signed a cooperation agreement to implement treasury and financial market cooperation transactions in Uzbekistan. The agreement was executed by Daniyar Imangaliyev, Vice Chairman of the EDB Management Board, and Talgat Ayupov, Chairman of the Board of Tenge Bank, during the EDB delegation’s business visit to Tashkent

The Eurasian Development Bank (EDB) considers financing for the Caspian Port and Logistics Company (Caspian PLC) to plan, construct and operate a multifunctional port and logistics complex on the Caspian Sea, in Russia’s Astrakhan Region. A memorandum to that effect was signed at the Eurasian Congress by Nikolai Podguzov, Chairman of the EDB Management Board, and Stanislav Tsygankov, CEO of Caspian PLC

At the Eurasian Congress, Nikolai Podguzov, Chairman of the Eurasian Development Bank’s (EDB) Management Board, and Timur Shagivaleyev, General Director of the Alabuga Special Economic Zone, signed a partnership agreement to finance the construction of infrastructure in Alabuga for a total of up to RUB 36 billion over the next five years

The Eurasian Development Bank (EDB) intends to finance AVTOBAN Group’s projects to digitalise road construction management in Russia. The first project could be the development of software for the Linear Subcontractor Management Portal. The relevant memorandum was signed at the Eurasian Congress by Denis Ilin, Vice Chairman of the EDB Management Board, Alexey Andreev, Director General of DSK AVTOBAN, and Yulia Shtrek, Advisor to the Director General of AVTOBAN-DIGITAL

The Eurasian Development Bank (EDB) stands ready to provide lending and arrange financing for the Meridian Highway to be constructed as part of the Europe–Western China international transport corridor. A memorandum to this effect was signed at the Eurasian Congress by Nikolai Podguzov, Chairman of the EDB Management Board, and Alexander Ryazanov, Chairman of the Board of Directors of the Russian Holding Company

The study introduces the idea of a Eurasian transport framework that would offer numerous benefits to the EAEU countries. The International North–South Transport Corridor is the key longitudinal corridor in Eurasia. EDB analysts estimate that container traffic along the INSTC could reach from 325,000 to 662,000 TEU. Linking up the INSTC with Eurasian latitudinal corridors could ensure around 40% of container traffic. Non-containerised traffic could reach 8.7–12.8 million tonnes by 2030, mainly due to the transportation of grain crops. Digitalisation and soft infrastructure play an important part in achieving these goals