Linklaters advises on the first privately financed PPP project in Russia

Linklaters team has advised on the Kutuzovsky Northern bypass project – the  first privately financed PPP project in Russia.

The project includes financing, design, construction and operation of the toll road in Moscow under a concession agreement.  The road starting in the Moscow City business district and running to the Odintsovo bypass will be 11km long and comprise at least four lanes. The project aims to improve the city’s transport situation by reducing the traffic volume on Kutuzovsky Prospekt, one of the busiest roads in Moscow.

The Linklaters team led by Julia Voskoboinikova (counsel) acted for a consortium comprising CJSC Leader, one of the largest asset management companies in Russia and the CIS.

“The project is first of its kind in Russia, with the Grantor not providing any capital grants and the concessionaire taking traffic risk. The bypass is also the first toll road concession project in Moscow. We were honoured to assist the concessionaire with this unique and challenging project”,  Julia Voskoboinikova comments.