Two companies submitted their Expressions of Interest in relation to Stage 4 of M-11 Moscow — Saint Petersburg Expressway.
At the meeting held on October 21 the Committee for the Open Bidding Process for the Right to Enter into a Long-Term Investment Agreement on the Construction, Maintenance, Repair, Overhaul and Toll-Based Operation of Moscow — Saint Petersburg Expressway at the Section km 208 — km 258 opened envelopes with the received Expressions of Interest. By the date of expiry of the term for submitting the Expressions of Interest PJSC Mostotrest and AVTOBAN Road Building Company OJSC had submitted their Expressions of Interest.
Under the Bid criteria PJSC Mostotrest proposed the following figures of the project implementation in its Expression of Interest:
Cost of the Agreement Object Construction: RUB 32,305,653,134.42, inclusive of VAT;
The Sum of Base Annual Operation Payments in the Operation Stage: RUB 9,187,194,507.95, excluding VAT;
Base Inflation Premium: 4.65%.
Under the Qualification Criterion PJSC Mostotrest specified:
Bidder’s Experience: RUB 256,035,582,868.98, excluding VAT;
Soundness: RUB 14,708,217,000.
AVTOBAN Road Building Company OJSC proposed the following conditions in its Bid Proposal:
Cost of the Agreement Object Construction: RUB 31,031,719,391, inclusive of VAT;
The Sum of Base Annual Operation Payments in the Operation Stage: RUB 8,825,041,022.38, excluding VAT;
Base Inflation Premium: 4.65%.
Under the Qualification Criterion AVTOBAN Road Building Company OJSC specified:
Bidder’s Experience: RUB 17,405,099,953, excluding VAT;
Soundness: RUB 3,680,589,000.
The Bid Committee examined both Expressions of Interest. The Bid results shall be evaluated not later than on November 20, 2014.
Please note that "RHW" SC announced the Open Investment Bidding Process for the Right to Enter into a Long-Term Investment Agreement on the Construction, Maintenance, Repair, Overhaul and Toll-Based Operation of Moscow — Saint Petersburg Expressway at the Section km 208 — km 258 (Construction Stage 4) on September 11, 2014.
Under the Long-Term Investment Agreement the total construction cost shall be not more than RUB 32,664,967,780.00 in prices of respective years, inclusive of VAT, including:
1. State financing shall be RUB 27,481,367,909.50 in prices of respective years, inclusive of VAT (to be reduced pursuant to the bidding conditions);
2. Private financing shall be RUB 5,183,599,870.50 in prices of respective years, inclusive of VAT (this amount is fixed and is not to be reduced pursuant to the bidding conditions).
Under the bidding conditions the Base Annual Operation Payments sum shall be not more than RUB 9.2 bln in the Operation Stage.
The maximum base inflation premium is 4.65%
The Agreement Term shall be 23 years.