Development of Educational Infrastructure for Highly Skilled Workforce (NDB-developmentofeducatio)

Countries
  • Russia
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 24, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Russian Federation
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 600.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 29, 2020


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Project Description

According to the Bank's website, this project finances the establishment of Advanced Engineering Schools throughout Russia to train students. This will entail the development of new or redesign of existing education programmes tailor-made for industry partners, along with new equipment, software, laboratories and other infrastructure elements deemed necessary.  

Investment Description
  • New Development Bank (NDB)
Contact Information

New Development Bank: He Tian operations2@ndb.int