Investigative Scrutiny of EIA Could Potentially Encompass Over Three-Quarters of PPP undertakings and Agreements
**"Hey there! Vnesheconombank, or VEB for short, sure knows its stuff when it comes to public-private partnerships (PPPs) and concessions. Alexander Kirienko recently shared that our focus is on increasing transparency and efficiency in PPP projects, with a focus on expert evaluations for projects worth over 3 billion rubles. That's around 80% of the volume of PPP and concession projects we're dealing with."
"At the Eastern Economic Forum in September 2024, President Vladimir Putin proposed an interesting idea – making VEB.RF a mandatory participant in PPP agreements to better control risk distribution. Sounds like a game-changer, right?"
"Now, let's dive a bit deeper. Traditionally, VEB acts as a state development bank, providing long-term financing for strategic infrastructure projects. Its role includes risk distribution, acting as a guarantor or co-lender to help private sector, conducting project viability assessments, and potentially fulfilling legal requirements for state representation in PPP agreements, particularly in sectors like transport and energy."
"As for the future, the New Development Bank’s (NDB) emphasis on 'prudent risk management policies aligned with global multilateral banks' may influence VEB’s approach. The lack of direct references to VEB in the materials suggests potential operational scaling back or a shift toward domestic-focused PPP frameworks."
"So, stay tuned for more updates by following our Telegram channel at @expert_mag. Let's keep learning and growing together!"
- President Vladimir Putin suggested making VEB.RF a mandatory participant in PPP agreements to better control risk distribution.
- VEB, traditionally acting as a state development bank, provides long-term financing for strategic infrastructure projects and distributes risks.
- Alexander Kirienko emphasized the importance of increasing transparency and efficiency in PPP projects, with a focus on expert evaluations for projects worth over 3 billion rubles.
- The New Development Bank's focus on prudent risk management policies may influence VEB's approach in the future, possibly leading to a shift towards domestic-focused PPP frameworks.
