The Journal of the 3d International Forum of Investors and Operators of Highway Infrastructure

The 3rd International Forum of Investors and Operators of Highway Infrastructure has started in Sochi. The event is organized by "Russian Highways" State Company and the National Association of Investors and Operators of Highway Infrastructure, under the auspices of the Ministry of Transport of the Russian Federation and the Administration of the Krasnodar Territory.

16 April 2015

9:30 a.m. The first event of the Forum was business breakfast with the Chairman of the "RHW" SC Management Board Sergey Kelbakh.

Representatives of the state authorities, construction and consulting companies, financing organizations, leading domestic and foreign experts that were invited to the breakfast, discussed in particular the issues of harmonized development of regional roads and the federal highway network, the "RHW" SC role in the development of regional road projects and allocation of functions in the Russian PPP market and its future.

 

11:00 a.m. The Forum continued its work at the plenary meeting.

The meeting was opened by the Chairman of the "RHW" SC Management Board Sergey Kelbakh, who addressed the audience with an introductory speech and read greetings of, I.E. Levitin, Aide to the President of the Russian Federation and M.Y.Sokolov, Minister of Transport of the Russian Federation. The Forum was also greeted by the Ministry of Economic Development of the Russian Federation.

Summary reports were made by Igor Kostyuchenko, Director of Department of State Policy in the field of Road Facilities of the Ministry of Transport of the Russian Federation, Yuri Berg, Governor of Orenburg Region , Ermek Kizatov, Chairman of the Management Board of JSC “NC” KazAvtoZhol, Rauf Yabbarov, President of the National Association of Investors and Operators of Highway Infrastructure. Anton Chuykin, well-known journalist, told about the Car, Road, Radio project. It is a project of new radio station for drivers and passengers.

12:00 midday "RHW" SC presented the Program of High-Speed Motorways Development in the Russian Federation (Oleg Mikov, Director of Investment Policy Department of "RHW" SC) as part of the strategic session moderated by Alexander Nosov, Deputy Chairman of the Management Board for Investment Policy and Corporate Development of "RHW" SC and Albert Yeganyan, Managing Partner of Vegas Lex.

The Program provides for creating a high-speed motorway network with the length of 12,000 km. For this purpose, at least 80 major investment projects shall be implemented in the field of transport infrastructure. The Program envisages a large enough share (6,000 km) of new motorway construction.

Paul Kadochnikov, Vice Rector for Research of the Russian Foreign Trade Academy of the Ministry of Economic Development of the Russian Federation told about macroeconomic conditions of creating a high-speed motorway network in Russia.

The reports were widely discussed. The discussion was attended by Yuri Molchanov, Senior Vice President of VTB , Pavel Brusser, Head of Infrastructure Projects Directorate, Managing Director of Gazprombank, Alexey Andreev, Director General of AVTOBAN Road Building Company, Alexander Erofeev, Partner at EY, Sergey Kerber, Head of Investment Projects and Programs Directorate, Managing Director of Leader MC, etc.

At the end of the session DBA Group presented the Future Speedway project.

01:30 p.m. Agreements were signed in the Congress Center of "RadissonBluResort & CongressCentre" Hotel.

A Memorandum of Understanding was signed by "RHW" SC and Baoli Bitumina Group, one of the world leaders in high-tech production of state-of-the-art materials.

"RHW" SC entered into a PPP Regional Centers Agreement with the Udmurtian Republic..

02:30 p.m. After the break, the Forum resumed its work in the Discussion Panel format.

Moderators were Innokenty Alafinov, the First Deputy Chairman of the Management Board for Investment and Financial Affairs of "RHW" SC and Yury Molchanov, Senior Vice President of VTB.

The discussion was attended by Alexander Kobenko, Vice-Governor of Samara Region, Valery Zhukov, Minister of Construction, Architecture and Road Facilities of the Krasnodar Territory, Sergey Titov, Minister of Transport and Road Facilities of Novosibirsk Region, Alexander Soloviev, Deputy Minister of Transport and Road Facilities of the Udmurtian Republic.

Each speaker made a presentation with an overview of main PPP projects in the transport infrastructure of their regions.

Opponents were private business representatives: Pavel Brusser, Head of Infrastructure Projects Directorate, Managing Director of Gazprombank, Sergey Kerber, Head of Investment Projects and Programs Directorate, Managing Director of Leader MC, Alexander Bazhenov, Director General of Federal Center for Project Finance, Evgeny Trusov, Deputy Head of Infrastructure Finance Department of VTB Capital. They made their comments with regard to the measures required to develop the regional PPP projects market.

The discussion was based on the "optimistic and pessimistic views" principle, and Yuri Molchanov took up the pessimist attitude and Innokenty Alafinov that of an optimist. Discussion participants expressed their opinions on PPP prospects in the current economic situation. They also spoke about the efficiency of PPP mechanisms use in the regions and the "RHW" SC role in those processes.

 

17 April 2015

10.00 a.m. "RHW" SC told about the M-11 Moscow — Saint Petersburg Expressway, Stages 1-2 construction project..

Alexander Nosov, Deputy Chairman of the Management Board for Investment Policy and Corporate Development of "RHW" SC, Andrey Averin, Managing Director of Avtodor-Invest for Investment Structuring and Denis Patrin, Managing Director of Avtodor-Invest for Legal Structuring informed the participants on key financial and legal aspect of the M-11 Moscow — Saint Petersburg Project. Andrey Eremin, Director General of Soyuzdorproekt reported on technical features of the motorway construction at sections 1 and 2.

 

12:00 midday After a short break, Europe-Western China International Transport Corridor Project was presented in the Congress Center of the Hotel.

A report was made by Innokenty Alafinov, the First Deputy Chairman of the Management Board for Investment and Financial Affairs of "RHW" SC.

01:00 p.m. Chairman of the Management Board of "RHW" SC Sergey Kelbakh summed up the Forum, thanked the participants and expressed confidence in further fruitful joint efforts.

01:30 p.m. Signing of agreements continued.

Memorandum of Cooperation was signed between "RHW" SC and Ugra Bank that provides for cooperation in M-11 Moscow — Saint Petersburg Expressway construction.

"RHW" SC and the Federal Center for Project Finance (FCPF, VEB Group) signed a cooperation agreement providing for a strategic partnership to address the priority tasks of social and economic development of the Russian Federation.

"RHW" SC entered into a PPP Regional Centers Agreement with the Krasnodar Territory..

03:30 p.m. At the end of the Forum, joint meeting of Mechanisms of State Financial Support of Infrastructure Projects and PPP in the Current Context sections was held.

In the course of discussion of financial support mechanisms of infrastructure projects, prospects of public and private partnership development and specific features of PPP projects implementation in Russia, opinions were expressed by Andrey Averin, Managing Director of Avtodor-Invest for Investment Structuring, Kirill Ivanov, Deputy Director General of Avtodor-Invest, Alexander Erofeev, Partner at EYIlya Doronkin, Director for Technical Policy and Project Management of Road Facility Development Institute, уDenis Patrin, Managing Director of Avtodor-Invest for Legal Structuring, Olga Revzina, Partner at HerbertSmith, Andrey Prokhorov, Transmod Project Manager, Alexey Zhurbin, Director General of Institute Stroyproekt, Alexey Andreev, Director General of AVTOBAN Road Building Company, Fernando Melo, Commercial Director of Astaldi, Stepan Svetankov, Head of Debt Financing Group of KPMG,  etc.