Moscow Central Ring Road Stage 3 reaches FC

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Moscow Central Ring Road Stage 3 reaches FC

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

Russian construction company DSK Avtoban has announced it has reached financial close on stage three of the Moscow Central Ring Road, one of the largest infrastructure projects in Russia.

Gazprombank (GPB), the third largest bank in the country, has signed a RUB35.6 billion (US$600 million) loan to finance to project. DSK Avtoban will provide approximately RUB 6 billion (US$100 million) of equity and the Russian road agency, Avtodor, the remaining amount.

The project involves the construction, maintenance, repair and overhaul of 105.3 kilometers, which will go in parallel to the Small Concrete Ring A-107 in the North-East of the Moscow region. The project will also join the new Moscow-Saint Petersburg express highway with M-7 Volga highway

The highway will have four traffic lanes and there will be 55 bridgeworks (including 20 bridges and 35 flyovers) and 4 multilevel crossings. The traffic volume expected for 2030 is 43,500 cars per day. Additionally, the facility will be operated on a toll basis. The project is expected to complete construction by the end of 2019.

The total cost of construction of the project is over RUB80 billion (US$1.37 billion).

Herbert Smith Freehills acted as legal advisor for the project owner and Freshfields advised the lender.

As we reported in August, 2014, Avtodor launched the tender processes to develop the third and the fourth sections of Moscow Central Ring Road (CCR) project. In October 2014, the tender commission received five bids but in January 2015, due to the changed macroeconomic conditions, the Ministry of Transport of the Russian Federation decided to postpone the bidding deadline for both tender procedures.

After receiving just one bid for the project in a new tender in April 2016 from the consortium of Avtodorozhnaya Stroitelnaya Korporatsiya, LLC, which includes DSK Avtoban, OJSC and Spanish company Sacyr Concession, Avtodor signed an agreement with the consortium for building and exploitation of the project.

List of country news

Country news

  • November 29, 2016

    RDIF, Changi Airports International and Basic Element consortium acquires Vladivostok International Airport

    Acquisition of shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport. A consortium comprising the Russian Direct Investment Fund (RDIF), Singapore’s Changi Airports International (CAI) and Russia’s Basic Element, signed the agreement.

    Read more
  • October 26, 2016

    India’s NIIF and Russia’s RDIF to establish $1 billion Russian Indian Investment Fund

    The Russian Direct Investment Fund (RDIF) and National Investment and Infrastructure Fund (NIIF), established by the Government of India with the support of RDIF, have agreed to set up a US$1 billion Russia-India Investment Fund. Read more
  • October 05, 2016

    Russia approves sale of Pulkovo airport to Qatar Investment Authority

    Qatar Investment Authority (QIA) has increased its stake in St. Petersburg’s Pulkovo Airport to 25% after a deal including de airport operator Fraport and other companies with shares in the project.  Read more
  • August 16, 2016

    RDIF expands cooperation with Ronesans holding

    The Russian Direct Investment Fund (RDIF) and Rönesans Holding, the leading construction, real estate development and investment company, have reached an agreement to expand the scope of their joint investment activities. Read more
  • July 06, 2016

    Concession signed for St. Petersburg tramway project

    In April, the St Petersburg city authority awarded to TTC the concession contract after a tender process in which the consortium was the only bidder. The contract comprises the design, build, finance, operation, and maintainance (DBFOM) of the tram network under a public private partnership (PPP) contract with a duration of 30 years. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.