09.02.2024
Infrastructure business initiatives are being discussed today in Moscow at the annual forum organized by the Association of Infrastructure Investors and Lenders with the support of the Russian Union of Industrialists and Entrepreneurs (RSPP). It is attended by heads of federal authorities, development institutions and leaders of the infrastructure market. The event is supported by VIS Group.
The Forum aims to develop proposals to increase the investment attractiveness of infrastructure projects, as well as mechanisms for attracting extra-budgetary funding to the country’s priority projects. VIS Group was one of the first in the country to enter the PPP market. Since 2013, over 150 billion rubles in extra-budgetary investments have been attracted to ongoing projects, and extensive experience and competencies have been accumulated. At the forum, the holding is represented by Chairman of the Board of Directors Sergei Romashov, member of the Board of Directors Igor Snegurov, CEO Sergei Yudin and head of the investment division Natalia Reznichenko.
In the difficult conditions in which the Russian economy operates today with the current high key rate, government and business representatives are looking for ways to stimulate the infrastructure market, as well as for additional mechanisms to attract investors to projects.
Sergey Romashov spoke at the “New road construction projects: how many rubles and kilometers are needed?” session. The heads of Avtodor Group, VTB Infrastructure Holding, Sberbank PJSC, and DOM.RF Bank took part in the discussion. Today, the development of a high-speed toll road network is one of the priorities of the country’s infrastructure development, however, intensive development of the transport concessions market is impossible without creating comfortable conditions for investors.
“We have formed one of the largest portfolios of PPP projects and concessions in the country, which exceeds 600 billion rubles. Over 400 billion rubles of these funds are transport infrastructure development projects, in which every third ruble is private,” said Sergei Romashov, VIS Group’s Chairman of the Board of Directors. “We understand all the difficulties and advantages of the PPP mechanism. Today, we see issues that require solutions for the influx of private capital into infrastructure development projects. Among the proposals are the introduction of a special lending rate for infrastructure projects set against a several-fold increase in the key rate of the Central Bank, assistance from federal departments in the interaction of businesses with regional authorities, including expert arbitration in controversial issues.”
VIS Group’s portfolio already includes a transport concession that is currently in operation – the Khabarovsk Bypass highway, which was opened for traffic in 2022. This is the first toll road in the Russian Far East. Projects for the creation of a high-speed backup of the Moscow Ring Road - the Mytishchi Expressway, and a bridge over the Ob River in Novosibirsk are at the investment stage. Both of these projects are at a high level of readiness, construction is scheduled to be completed in 2024. In the same year, one of the largest transport projects in Russia – the construction of a bridge across the Lena River in Yakutia – will be launched. By order of the President of the Russian Federation, construction should be completed before the end of 2028.
Attracting private investment in road projects should be stimulated by additional government support measures
The Forum aims to develop proposals to increase the investment attractiveness of infrastructure projects, as well as mechanisms for attracting extra-budgetary funding to the country’s priority projects. VIS Group was one of the first in the country to enter the PPP market. Since 2013, over 150 billion rubles in extra-budgetary investments have been attracted to ongoing projects, and extensive experience and competencies have been accumulated. At the forum, the holding is represented by Chairman of the Board of Directors Sergei Romashov, member of the Board of Directors Igor Snegurov, CEO Sergei Yudin and head of the investment division Natalia Reznichenko.
In the difficult conditions in which the Russian economy operates today with the current high key rate, government and business representatives are looking for ways to stimulate the infrastructure market, as well as for additional mechanisms to attract investors to projects.
Sergey Romashov spoke at the “New road construction projects: how many rubles and kilometers are needed?” session. The heads of Avtodor Group, VTB Infrastructure Holding, Sberbank PJSC, and DOM.RF Bank took part in the discussion. Today, the development of a high-speed toll road network is one of the priorities of the country’s infrastructure development, however, intensive development of the transport concessions market is impossible without creating comfortable conditions for investors.
“We have formed one of the largest portfolios of PPP projects and concessions in the country, which exceeds 600 billion rubles. Over 400 billion rubles of these funds are transport infrastructure development projects, in which every third ruble is private,” said Sergei Romashov, VIS Group’s Chairman of the Board of Directors. “We understand all the difficulties and advantages of the PPP mechanism. Today, we see issues that require solutions for the influx of private capital into infrastructure development projects. Among the proposals are the introduction of a special lending rate for infrastructure projects set against a several-fold increase in the key rate of the Central Bank, assistance from federal departments in the interaction of businesses with regional authorities, including expert arbitration in controversial issues.”
VIS Group’s portfolio already includes a transport concession that is currently in operation – the Khabarovsk Bypass highway, which was opened for traffic in 2022. This is the first toll road in the Russian Far East. Projects for the creation of a high-speed backup of the Moscow Ring Road - the Mytishchi Expressway, and a bridge over the Ob River in Novosibirsk are at the investment stage. Both of these projects are at a high level of readiness, construction is scheduled to be completed in 2024. In the same year, one of the largest transport projects in Russia – the construction of a bridge across the Lena River in Yakutia – will be launched. By order of the President of the Russian Federation, construction should be completed before the end of 2028.