Social aspects of VIS Group’s PPP projects discussed at the Regional Social Innovations Forum

The IV Regional Social Innovations Forum under the patronage of the Federation Council of the Federal Assembly of the Russian Federation and the Moscow Government opened today. Key speakers include Federation Council Chairman Valentina Matvienko, Moscow Mayor Sergei Sobyanin, Russian and international experts and opinion leaders in the cultural, educational and social spheres and speakers from 13 countries.

Pavel Ovchinnikov, CEO of the Transport Division of VIS Group, participated in the “Social Aspects in Infrastructure Projects. Ensuring a balance of interests.” session organized by VEB.RF. He represented the investor's side in projects that have a significant impact on the integrated regional development, and discussed the holding's experience in assessing the socio-economic effects of infrastructure projects implemented in the concession and PPP format.

“We see how much social development is actually in demand in the cities of our presence and have learned to objectively assess effects of this sort for any projects, including ones in the transport sphere,” said Pavel Ovchinnikov. “The investments in VIS Group projects in this sphere exceed 255 billion rubles, 42% of them are extrabudgetary. The holding’s entire project portfolio, including many social infrastructure undertakings, is estimated at 600 billion rubles. All these projects directly affect regional socio-economic development, improving the quality of life.”

Today, VIS Group is completing the construction of a 27-km Khabarovsk Bypass highway, which will help relieve the regional capital’s center from traffic by 18%, reduce harmful emissions by a third and contribute to regional development as a new transport corridor in the Russian Far East. The bridge under construction across the Ob in Novosibirsk will reduce the auto travel time from one bank to the other in the city center by 30% and reduce the congestion of existing bridges by 20%. In the Moscow Region, the new Moscow Orbital Ring Road will increase transport accessibility for over 850,000 residents of the Moscow Region and relieve three federal highways at once.

“It is a mistake to think that concessions are focused only on the financial interests of the concessionaire and that we have to look for compromises between the residents of the region and private business,” added the head of VIS Group’s transport division. “During the life cycle, the concession facility is not just built, it begins to operate and causes significant socio-economic effects. These include new jobs, the creation of conditions for regional development, increase in production, related infrastructure, etc. New facilities, be they roads, bridges or social institutions, alter the environment around them, improve the quality of life, and increase the area’s investment attractiveness.”

The holding has extensive experience in the implementation of socially oriented PPP projects - the construction of kindergartens, schools, cultural and sports centers. Thanks to this, about 6,000 new places in educational institutions have been created. One of the largest perinatal centers in Russia for 10,000 births per year has been erected in Ugra, the region with the highest fertility rate. Today, the VIS Group is investing in projects to create 7 modern state clinics in Novosibirsk, and a large cultural cluster and a SMART polyclinic in Yakutsk, where 12 social facilities are also undergoing technical operation.

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