Andrei Kiselev, Deputy Head of Infrastructure Capital and Project Finance at VTB Capital, spoke at the “Transport infrastructure of St. Petersburg and Leningrad region” conference, held on November 19, 2014, in St. Petersburg.
During the session on “Public-private partnership in road and infrastructure construction,” Andrei Kiselev and Alexey Bnatov, CEO of the Northern Capital Highway, discussed construction and operation of the Western High-Speed Diameter (WHSD), which is the biggest PPP-project in the transport infrastructure segment in Russia.
VTB Capital is a co-investor, lender and financial advisor to the WHSD. During his presentation, Andrei Kiselev gave a detailed overview of the financing structure for such projects and discussed the principles of risk allocation among lenders, investors, contractors and the government.
The conference was attended by representatives of Ministry of Transportation of the Russian Federation, representatives of St. Petersburg and the Leningrad region, trade associations and leading companies in the industry. Developing the region’s transport infrastructure, improving the public transport structure and using intelligent transportation systems to control traffic were the main topics discussed at the event’s sessions.
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