Memorandum of Cooperation to Establish the “Far East and Baikal Infrastructure Development Partnership”
Supporting Japanese companies’ participation in infrastructure development, including PPP infrastructure projects
- Area: Europe
JBIC signed a Memorandum of Cooperation with The Far East and Baikal Region Development Fund (FEDF)*1, a wholly owned subsidiary of the governmental financial institution Vnesheconombank, to establish the “Far East and Baikal Infrastructure Development Partnership”. Under this partnership, JBIC and FEDF will share information and cooperate in the formation of infrastructure development projects in Russia’s Far East and Baikal regions. The Russian government has placed a high priority on the development of this region, and with the projected boost to infrastructure development arising from this, this partnership is expected to contribute to the business deployment of Japanese companies in the region.
- *1FEDF is the fund established in 2011 in order to improve infrastructure in Russia's Far East and Baikal region.