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World Bank to draft development plan for St. Petersburg for next 30 years

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The governor of Saint Petersburg Valentina Matviyenko met today, on June, 7, within the framework of the 12th Petersburg International Economic Forum with managing director of the World Bank Ngozi Okonjo-Iweala. As the press office of the governor told REGNUM, projects which will be realized in Saint Petersburg with participation of the World Bank consultants were discussed during the meeting. In particular, the World Bank renders consultative services in the projects of state-private partnership. Among them is creation and subsequent exploitation of new type of passenger transport, the “over-ground express”, modernization of Pulkovo Airport, construction of the Western speed diameter and Orlovskiy Tunnel under Neva River. The two latter projects will be implemented on the basis of concession first time in Russia. “The successful promotion of our investment projects was largely contributed by the World Bank. We confirmed the long-term character of our relations, and went out on the new stage of developing the relations. We are elaborating a number of city projects on which we expect to get the World Bank consultations,” said the governor. Matviyenko also reported that specialists of the World Bank would prepare a report on a development strategy of Saint Petersburg for next 20-30 years.

It is worth mentioning, the World Bank was founded on July 1, 1944, at the conference in Bretton Woods (New Hampshire), in which representatives of 44 countries took part. The World Bank consists of two development organizations belonging to 185 member-countries — the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). IBRD co-operates with countries with average annual income and low-income solvent countries, while attention of IDA is focused on the poorest countries of the world. The headquarters of the Word Bank are located in Washington, it has missions more than in 100 countries, including Russia. More than 10,000 employees work in Word Bank missions all over the world.

18:55 06/07/2008

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