VTB Capital has received the State Company Russian Highways (Avtodor) award for the “Best investment company in the road sector” nomination. The ceremony was held during the industry conference “10 years in the PPP road sector” on September 12, 2014, in Moscow.
Since 2011, VTB Capital participated in the implementation of a number of major PPP projects, which play a strategic role in the development of Russian road infrastructure. Projects such as the construction and operation of a section of M-11 Moscow – St. Petersburg toll road, the first Russian urban toll road Western High Speed Diameter and bridges over the Rivers Kama and Buy in Udmurtian Republic are executed by VTB Capital along with a consortium of international and Russian investors.
Oleg Pankratov, Head of Infrastructure Capital and Project Finance at VTB Capital, said: “The public-private partnership model is becoming one of the most prevalent instruments for the implementation of infrastructure projects in Russia, and we are confident that cooperation between the state and private investors will be one of the main ways to increase economic potential of Russian regions. Professional recognition of VTB Capital’s contribution to the development of Russian road infrastructure is highly important for us, and we hope that the company’s experience in this industry will play a vital role in improving the execution of PPP projects in the future.”
Companies and individuals who have made a significant contribution to the development of road infrastructure by utilizing the PPP model have been recognized during the awards ceremony, held at the Avtodor conference, dedicated to the tenth anniversary of the start of PPP projects in Russia.
The event was attended by representatives of federal and regional executive and legislative government branches, as well as major financial, consulting and construction companies.
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