IFC, a member of the World Bank Group, is making a US$2.6 million (RUB 83 million) equity investment in data centre operator IXcellerate to support the construction of a major data facility, expanding access to information technology infrastructure for businesses in Russia. Construction of a new top-tier data centre with an internationally experienced management team will provide high quality services needed by the growing business community in Russia.

This investment is part of IFC’s strategic focus on developing all elements of infrastructure in Russia to support the private sector and encourage economic growth. The total project, expected to be the largest vendor-neutral data centre in Russia, will cost an estimated US$55 million (RUB 176 million). Kent Lupberger, IFC Global Head of Telecom, Media and Technology, said, “In today’s world, IT infrastructure is increasingly important for economic development. IXcellerate’s new datacenter will provide a cost-efficient, reliable and secure environment for electronic information storage and processing to Russian and international companies, contributing to the creation of a favorable business and investment environment in the country.”

Source: IXcellerate