Opening Asia for Russia

EDB plans to increase the portfolio of transport projects

11.11.2020 196 просмотров

Nikolai Podguzov: "In all our participating countries - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan - we plan to increase the portfolio of transport infrastructure development projects."


Traffic is open at launch site No. 3 of the Central Ring Road. The project was implemented with the financial participation of the Eurasian Development Bank (EDB).

The construction of the Central Ring Road is the first infrastructure megaproject in Russia, partially financed from the National Welfare Fund (NWF). The total cost of the project is estimated at 300 billion rubles, of which 150 billion will be financed by the NWF.

The third start-up complex of the Central Ring Road runs parallel to the A107 Small Concrete Ring in the north-east of the Moscow Region and connects the new M11 Moscow - St. Petersburg and the highway M7 "Volga". The motorway contains 4 lanes, the design speed is 140 km/h. 69 bridge structures were built on the section (17 bridges, 5 ecoducts, 3 pedestrian crossings and 44 overpasses, including 4 road junctions).

The project's senior creditors are Gazprombank, EDB, Sberbank. The concessor for the project is the State Company "Russian Highways" ("Avtodor").

Credit funds are provided by banks to ASK LLC on the principles of project financing. The project is being implemented under a concession agreement between ASK LLC and the Russian Highways State Company concluded in 2016.
ASK LLC is 75% owned by the AVTOBAN group of companies, one of the largest federal players in the field of road construction, and also by 25% - EDB.

“Construction of the Central Ring Road-3 is an excellent example of a development project. Our Bank has rich experience and unique tools for financing the creation of modern and high-speed roads on the principles of public-private partnership. Today we are participating in the construction of the fourth stage of the Central Ring Road - TsKAD-4, as well as in the construction of the Big Almaty Ring Road - BAKAD. We implement projects of high-speed highways in St. Petersburg. In all our member countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan — we plan to increase the portfolio of transport infrastructure development projects,” said Nikolai Podguzov, Chairman of the EDB Board.
 

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