News
8 September 2010

Russian Highways State Company and Bank St. Petersburg ink memorandum of understanding

The Russian Highways State Company and Bank St. Petersburg signed a memorandum of understanding to establish and develop long-term business cooperation and attract private investments into road construction.
The Russian Highways State Company and Bank St. Petersburg signed a memorandum of understanding to establish and develop long-term business cooperation and attract private investments into road construction.

The memorandum said the parties plan to jointly implement investment infrastructure projects envisaged by the 2010-2015 program of activities of the Russian Highways State Company on the basis of public-private partnership. In the framework of joint activities the parties plan, in particular:
  • to design financial schemes to implement investment projects of Avtodor State Company;
  • to examine economic feasibility of the projects;
  • promote investment projects of Avtodor State Company both on domestic and foreign markets.
Besides, in the framework of project planning and implementation Bank St. Petersburg will provide information, analysis, and consultations to Avtodor State Company regarding current market situation. Cooperation along the guidelines stipulated by the memorandum will be based on mutual benefit and trust.