Transport: staying on track
This year has been an exceptional one and the EBRD’s Transport team has played a big part in the Bank’s crisis response. Nearly doubling last year’s business volume, we’ve responded flexibly to client refinancing needs and ensured priority investments remain on track. Many smaller transport projects – particularly private sector investments in ports – have struggled to find funding since the start of the crisis and have turned to the
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Riding Russian rail: the 12.56 to Sergiev Posad
Students of Russian and Soviet history quickly learn the pivotal role that the railroads have played in the country’s economic development. In czarist times, it was the construction of the mammoth Trans-Siberian Railroad which opened up the Russian Far East, much as the completion of the transcontinental railroad had opened up the American West a few decades before.
In Soviet times, it was the rails that facilitated breakneck industrialisation, military…
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