Corporate Communications

VTB Capital wins with M11 Moscow St-Petersburg Motorway by EMEA Finance Project Finance Awards 2015

17 June 2016
M-11 Moscow – St. Petersburg toll road was named the “Best road deal in CEE” by the EMEA Finance.

VTB Capital acted as investor, lender, bond arranger and financial advisor for the project, which is of strategic importance for the development of transport infrastructure in Russia. The project’s investment budget is estimated at more than RUB 80bn. The construction of the two highway sections is planned for 2015-2018 and these should be in operation in 2018-2041.

In May 2014, ”Two Capitals Highway” company, formed by VTB Capital and Vinci Concessions, won the tender orginased by the State Company “Avtodor” for the right to enter into the concession agreement for the project.
 
Oleg Pankratov, Global Head of Infrastructure Capital and Project Finance at VTB Capital, said: “The M11 Moscow – St-Petersburg Motorway project plays a fundamental role in road infrastructure development in Russia and this international award confirms its innovative financing structure (including the first ever Russian infrastructure bond issuance backed by the concession agreement rights) and scale. I am confident that this successful experience will allow VTB Capital to further develop its infrastructure business at the highest level.”

In 2015 toll road M-11 Moscow – St. Petersburg was named the best Public-Private-Partnership (PPP) in the road infrastructure category by the Russian national infrastructure award ROSINFRA. 

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