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. Last Updated: 07/27/2016

EBRD Offers Help To Fix Dam

The EBRD offered help to revamp Russia’s crumbling infrastructure Friday, two weeks after a deadly blast at the Sayano-Shushenskaya hydroelectric plant brought the problem of aging facilities into stark relief.

“I’d like to underline that we are ready to take an active role in pursuing projects in those areas that you have marked as priorities for the country’s development — these are modernization and infrastructure upgrade,” EBRD president Thomas Mirow told Prime Minister Vladimir Putin, RIA-Novosti reported.

The government “is very much looking forward to the EBRD’s new country program for 2010-2012,” Putin said, noting that the bank had invested $11 billion since 1991.

Mirow said the European Bank for Reconstruction and Development was also extending a helping hand to Russia in battling the aftermath of the Aug. 17 accident at the Sayano-Shushenskaya plant in Siberia, which killed at least 72 people and has strained the region’s power grid.

The EBRD invested 1.9 billion euros ($2.7 billion) in 69 Russian projects last year, including a $500 million loan for Russian Railways and a $300 million program to boost energy conservation.

n One person died and a woman and her daughter went missing when a dam burst during torrential rains that swelled the Tumannaya River in the Magadan region early Saturday.