PJSC Sberbank : Sber and Tourism.RF Corporation to develop hospitality infrastructure

Sber and Tourism.RF Corporation have concluded a cooperation agreement on the implementation of the "Tourism and Hospitality Industry" national project. Sberbank Vice President and Director of the State Sector Department Mikhail Chachin and Tourism.RF Corporation CEO Sergey Sukhanov signed the document.

The agreement targets the development of tourism at the national level. The parties plan to jointly participate in projects entailing the construction, reconstruction, renovation, and maintenance of tourism infrastructure - hotels, boarding houses, business and tourism centers, active leisure resorts.

Sber intends to participate in the funding of these projects, including through public-private partnerships, develop individual financial solutions that account for the particularities of each project, analyze the materials provided, prepare recommendations for project structuring and organization of debt financing, interact with other consultants and funders at the request of Tourism.RF, provide targeted methodological support, and provide Tourism.RF with bank guarantees.

A list of specific projects that Sber and Tourism.RF will consider for joint participation is annexed to the signed agreement. It includes 13 tourism facilities in Khabarovsk, Voronezh, Yekaterinburg, Perm and Perm Krai, Irkutsk, the Republic of Buryatia, and Moscow and Belgorod Regions.

Mikhail Chachin, vice president, director of the State Sector Department, Sberbank:

"The tourism sector could serve as a driver of growth for the Russian economy, as our country is unique in terms of the variety of natural landscapes and the wealth of its leisure opportunities. However, the development of domestic and inbound tourism is hampered by insufficient modern hospitality capacities. For a number of years, we have been closely collaborating with Rostourism and federal and regional authorities to provide the national tourism industry with new opportunities. The agreement with Tourism.RF is yet another step in this direction. The document includes a list of specific projects at various stages of completion in which we would be willing to participate financially that could contribute significantly to the development of tourism in various regions of the country."