News
23 December 2019

AIIB agrees $500m loan for Russian transport project

In:
Social infrastructure
Region:
Europe

The Asian Infrastructure Investment Bank (AIIB) has approved its first investment in Russia to improve transport connectivity and road safety.

The $500 million loan will be administered by the Ministry of Transport and Rosavtodor, the Federal Road Transport Agency, will be used to upgrade existing infrastructure and support road rehabilitation in several subprojects that align with national transport priorities. 

Selection of the subprojects will target vital economic nodes and border regions - enhancing trunk linkages and cross-border connectivity. Upgrading the road network will increase safety, reduce travel time and allow for greater resilience to challenging climate conditions.

You might also like


Expert opinion
23 October 2024

Vantage Risk: Insurance with digital in its DNA

Lila Granda talks strategy in her first interview since her appointment as head of political risk & credit at Vantage Risk. How does the company work with MDBs and DFIs? How...

Interview
25 October 2024

ECA, DFI and ODA – all under the one Kexim umbrella

It has been a year since Export-Import Bank of Korea (Kexim) set up a development finance operation. Hwang Kiyeon, senior executive director and board member at Kexim, sheds...