EADB Board Chairman Igor Finogenov said after a meeting with Tatarstan President Mintimer Shaimiyev that the projects include production of the Tu-334 short-haul passenger jet, modernization of public utilities across the republic, and oil refining and processing, among others.
He said the figures were tentative and that discussion of specific business plans has yet to begin, adding that other projects may involve KamAZ, one of Russia's largest truck makers.
The Eurasian Development Bank has a charter capital of $1.5 billion, with Russia expected to contribute $1 billion and Kazakhstan $500 million.
Finogenov said previously that the bank would coordinate its borrowing on international markets with its investment programs, adding that the EADB was considering more than 20 investment projects worth over $2.5 billion.
The bank's investment portfolio is expected to grow more than tenfold to $4.5 billion by 2010 with its ongoing investment projects worth a total of $221.5 million.
The EADB earlier signed an investment agreement with Kazakhstan's Ekibastuz-2 electric power plant on the modernization and construction of a third energy unit, and a memorandum of intent for a project to manufacture SuperJet 100 medium-haul passenger airplanes, developed by Russia's Sukhoi Design Bureau.
Finogenov said previously the EADB was holding accession talks with Kyrgyzstan, Tajikistan, Belarus, and Armenia.
