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IBEC and JSC Ufa International Airport Implement Project for Reconstruction of Domestic Airlines Terminal Hub

12
Dec
2017

On 11 December 2017, the International Bank for Economic Co-operation (IBEC) and Joint Stock Company Ufa International Airport (JSC MAU) concluded agreements to provide financial support from the IBEC in the amount of RUB 1 bn to the significant infrastructure project in the Russian Federation – the first stage of reconstruction of the domestic airlines terminal hub.

The Ufa International Airport ranks among the top ten leading airports of Russia, it is one of the largest airports in the Volga Federal District of the Russian Federation whose passenger traffic exceeds 2.3 million people per annum.

The urgent need to reconstruct the domestic air lines terminal subsequent to a new international terminal that was built for the SCO and BRICS summits was emphasized by Mr. Rustem Mardanov, Prime Minister of the Government of the Republic of Bashkortostan, at the St. Petersburg International Economic Forum 2017. At the Forum, the Memorandum on Cooperation and Liaison in connection with implementation of the project “Reconstruction of the Domestic Airlines Terminal Hub (DATH), Stage 1” of Joint Stock Company Ufa International Airport was signed between the IBEC and the Government of the Republic of Bashkortostan. Afterwards, the IBEC and JSC MAU held a number of negotiations and agreed upon the particulars of cooperation, which were reflected in the concluded agreements.

11 December 2017, Ufa, Russian Federation

The International Bank for Economic Co-operation (www.ibec.int) is an international intergovernmental financial institution established in 1963. The Bank operates in conformity with the international agreement registered with the Secretariat of the United Nations.

The IBEC’s members are eight states representing both Europe and Asia: the Republic of Bulgaria, the Socialist Republic of Vietnam, Mongolia, the Republic of Poland, the Russian Federation, Romania, the Slovak Republic and the Czech Republic.

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New deals with Golomt Bank of Mongolia
12.10.2020
In August and September International Bank for Economic Co-operation in partnership with Golomt Bank of Mongolia implemented a series of transactions for financial and non-financial support of Mongolia’s foreign tr...
International Bank for Economic Co-operation joins SWIFT GPI
International Bank for Economic Co-operation joins SWIFT GPI
07.10.2020
International Bank for Economic Co-operation has joined SWIFT GPI (Global Payment Innovation).
IBEC invests in green bonds of Russian Railways
IBEC invests in green bonds of Russian Railways
01.10.2020
International Bank for Economic Co-operation takes part in a subscription to new "green" bonds of the Russian Railways. The yield on securities at the time of the placement is 7.25% per annum, which corresponds to a 1.65% premium to the yield on ...
IBEC guarantees promote Russian-Uzbek trade
IBEC guarantees promote Russian-Uzbek trade
29.09.2020
International Bank for Economic Co-operation has supported the export of Russian industrial products to Uzbekistan. The guarantee in the amount of USD 5 million was issued in favor of CREDIT BANK OF MOSCOW (RF) on&n...
Business Discussions with the Deputy Prime Minister of Bulgaria
Business Discussions with the Deputy Prime Minister of Bulgaria
11.09.2020
IBEC delegation held a meeting with Ms. Mariyana Nikolova, Deputy Prime Minister of Bulgaria in charge of Economic and Demographic Policy and Minister of Tourism. Boyko Kotsev, member of the IBEC Board and former Ambassa...
IBEC supports export of Russian metallurgy to Uzbekistan
IBEC supports export of Russian metallurgy to Uzbekistan
02.09.2020
International Bank for Economic Co-operation takes part in the implementation of foreign trade contracts of the largest Russian exporter, Chelyabinsk Pipe Rolling Plant PJSC, providing for the supply of pipes of various nomen...
IBEC green investments
IBEC green investments
31.08.2020
International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by th...
IBEC financial statements for the 1st half of 2020
IBEC financial statements for the 1st half of 2020
27.08.2020
International Bank for Economic Co-operation has disclosed interim financial results for the 1st half of 2020 in accordance with the international reporting standards with an auditor’s conclusion based on the results of ...
IBEC supports the development of the insurance business in the markets of its member states
IBEC supports the development of the insurance business in the markets of its member states
12.08.2020
International Bank for Economic Co-operation has signed a loan agreement with the largest Bulgarian private holding company Eurohold, whose interests are focused on insurance, leasing, and financial services. A credit line with a ...
IBEC documentary instruments for Mongolia's foreign trade
IBEC documentary instruments for Mongolia's foreign trade
03.08.2020
International Bank for Economic Co-operation has completed trade finance deals with one of its committed partners — Golomt Bank (Mongolia). IBEC issued reimbursement obligations totaling USD 3.5 million....
IBEC and SHB – sustainable and mutually beneficial partnership
IBEC and SHB – sustainable and mutually beneficial partnership
28.07.2020
International Bank for Economic Co-operation continues active expansion of its trade finance portfolio. Vietnam is one of the important markets where such operations are especially in demand this year.
IBEC supports export of the Czech Republic
IBEC supports export of the Czech Republic
14.07.2020
Международный банк экономического сотрудничества предоставил средства для финансирования сделки по поставке энергетического обор...
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