Russian road PPP reaches close
Under the terms of the deal, the European Bank for Reconstruction and Development has provided a €200m loan.
The other banks are:
- Vnesheconombank (VEB), providing €600m
- VTB Capital and Gazprombank, contributing €410m;
- Eurasian Development Bank, providing €250m
The project is the first large road deal to be awarded to a private sector concessionaire under PPP in Russia.