Small Historic Cities Development Project (NDB-smallhistoriccities-r)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
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
May 28, 2018
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
  • Construction
  • 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)
$ 220.00 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)
$ 275.00 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 Aug 3, 2018


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Project Description

This project provides financing for the development of tourism infrastructure focused on the conservation and development of cultural heritage and urban utilities in 9 small historic cities. Components include improvements in the preservation of cultural heritage sites, and upgraded basic urban infrastructure (such as street signage and lighting). 

Investment Description
  • New Development Bank (NDB)
Contact Information

No contact information provided at time of writing.