The Russian Investment Agency “Invest in Russia” and JSC “Rosgeologiya” signed an agreement on cooperation and information exchange at the XVIII International Economic Forum in Saint Petersburg

23.05.2014

22052014_02At the XVIII International Economic Forum in St. Petersburg the CEO of the Russian Investment Agency “Invest in Russia” Yury Voicehovsky and the CEO of “Rosgeologiya” Roman Panov signed an agreement on cooperation and information exchange between the Russian Investment Agency “Invest in Russia” and JSC “Rosgeologiya”. The solemn signing ceremony was attended by the Deputy Minister of Regional Development Michael Krouk, the Minister of Natural Resources and Environment Sergey Donskoy, the First Deputy Chairman of the State Duma Committee on Housing Policy and Housing and Utilities Elena Nikolaeva.

The agreement was signed for the development of strategic partnerships and establishing long-term comprehensive cooperation in the field of preparation and implementation of projects initiated by the Rosgeologiya or the Agency in the field of exploration, mining and processing of mineral resources, which may be considered in the format of integrated territory development projects.

According to the document the parties shall cooperate in the following areas:

– Analysis of the projects in order to determine the feasibility of their joint preparation and implementation, including the use of PPPs, as well as studies on the advisability of forming the basis of their projects for integrated territory development;

– A joint study of the most effective options for development of projects, both in engineering and technical and financial context;

– Interaction with federal and regional authorities, local authorities, private investors and other potential project participants in order to examine issues related to the formation and implementation of projects;

– Cooperation in the development of the regulatory framework governing the preparation and implementation of projects in the field of exploration, mining and processing of mineral resources with the use of PPPs.

 

The agreement is valid for 3 years.

The Russian Investment Agency “Invest in Russia”, created under the auspices of the Ministry of Regional Development in December 2013, provides a single client center for foreign investors being a source of comprehensive information about the investment potential of Russian regions, ongoing projects and new investment opportunities.

JSC “Rosgeologiya” is a Russian multi-geological holding performing comprehensive geological survey of Russia and providing a stable reproduction of the mineral resource base. The Holding enterprises operate in all eight Federal Districts of Russia, in 30 regions. 100 % of the capital of JSC “Rosgeologiya” is owned by the State.